According to the National Association of Realtors, condo communities have “grown tremendously” in recent decades, from roughly 70,000 housing units in 1973 to nearly 26 million units in 2013. An Introduction To Buying A Condominium notes that “condos are especially popular in places with high property values—vacation hotspots and urban settings are both places where you can expect to find them on the market. This is largely because buying a single-family home can be prohibitively expensive in places where additional building space may be scarce.”
Read more: Pros & Cons of Investing in a Condo with Friends | Investopedia http://www.investopedia.com/articles/investing/100115/pros-cons-investing-condo-friends.asp#ixzz46m2SIsbS
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