On this episode of the Good, Bad, or Bull$H*! podcast Beau, Michael and Crofton appraise the value of condominiums. Because Crofton often confuses them with condoms, the Wikipedia says, “A condominium is the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned, while use of and access to common facilities in the piece are executed under legal rights associated with the individual ownership and controlled by the association of owners.” Is the privilege of owning a piece of the whole worth the effort and expense, say, above renting, or is this system of parceling out pieces of a property create unsightly blights on the cityscape which inflate rental costs and tax city resources unnecessarily?
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