The sales talk I get is the unit being cheap and can be used to rent out as a side hustle. What these agents don't tell you is that HOA and companies that set the conditions can limit how often you can rent these out and what amenities you can use even years after owning the property. I just think these properties are middle income traps if the objective is to build generational wealth. Is a condo unit really something you'd want your next generation to inherit? or is it a space you want to raise a family in? those are my arguments for friends that are contemplating on the options. I tell you, the home loans offered by banks are incentivized to make these units pretty, they likely have a stake in the matter on top of owning the deed as your lender.
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RE: Random Spiel: The Condominium Trap