- Sep 23, 2015
- Reaction score
This is very true and something I do enjoy as well.
I'll refine my opinion on condo purchase a little more.... I would not buy into an unbuilt development again.
The first 2 years are usually the worst... well until year ~25.
Developers craft (guess at) their proposed condo budget/operating sheet 2-3 years before it becomes real. They generally underestimate things to make proposed condo fees look more attractive and conveniently leave things out.
Given best practices, inflation and prudent direction for these things, I would generally expect condo fees to increase 10-20% month 2 and another 10 year 2 or 3.