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> Even condo complexes are having a hard time selling units.

Because instead of purchasing a house, you're just purchasing the right to continue being a renter. Meaning that the only reason to buy is that you expect an even bigger sucker to buy it from you later. And with rapidly declining population and widespread poverty among the young generation, there aren't that many bigger suckers around anymore.



A condo just means the maintenance fee is explicit, rather than implicit.


And done by professionals, not homeowners. Honestly most people aren't very good at managing home maintenance, so this makes a lot of sense at scale.




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