Condos Are in Uncharted Territory
My childhood home is technically a condominium, but as in cul-de-sac houses with shared walls, the association just takes care of a pool, a playground, a drainage retention pond, mowing the grass, and replacing the siding. (And with that maintained, wood-frame houses can and have remained intact in my hometown for upwards of 200 years).
So I’m not worried about maintenance issues or financial issues arising from those or governance issues arising from those. But like, the institutional form of the condominium is now aging past the usable life of a not actively maintained mid-20th century building, that’s going to be a real issue starting now.
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