[jerlam]

Other than "mismanagement of the property", most of these exposures apply to non-condos as well.

[jrflo]

Right, owning a condo has many of the downsides of owning a home without the upside of owning the land, which is the primary thing that appreciates. Not saying it's never a good idea to buy a condo, but it's not as dependable an investment vehicle.