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Top 10 Reasons to NEVER Live in a Condo
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Күн бұрынI lived in a house for 20 years, now I've lived in a condo for 13. After all this time, the benefits of living in a house have become crystal clear. Condos definitely have their perks, but in this video I'm going to give you a bunch of reasons why a house is so much better. If you want to explore buying a house vs a condo in more detail, check out this video here • Buying VS Renting in M...
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@MichaelBordenaro 3 жыл бұрын
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@cookingartguy2170 3 жыл бұрын
Well, after 4 single-family homes, we have now been living in this condo for two years and so far we absolutely love it every single day. The upside is that we no longer have to deal with yard work, tons of trees, weeds, pools, guest house, Etc. And so far the repairs have been much less than in a home. Definitely agree with all that you say however Michael, but so far our neighbors in this development, which is admittedly over 55 which is what we wanted, are almost non-existent and it's quiet and beautiful. I hope it remains that way. I do have friends that lived in condos however and they had to deal with the boards from hell. If you get an obnoxious or power-hungry person on the board, it can be intolerable.
@MichaelBordenaro 3 жыл бұрын
Oh I can definitely see both sides of it as I've lived in both for a while too! This video is really Meant to be an infotainment style video. So far it seems to be doing pretty well and I plan on making the exact opposite version of it soon😄 There are pros and cons to both for sure and it will be fun to discuss all the benefits of condo living👌
@cookingartguy2170 3 жыл бұрын
@@MichaelBordenaro Absolutely! All your videos are awesome and informative Michael!
@cushingpushing 3 жыл бұрын
Excellent points, I live in a condo now and have also lived in single family homes in the past. I can't wait to sell my condo and move back into a house. First, you have very little privacy in a condo compared to living in a house. Also, houses have more space than a condo does. In addition, living in a condo means you can hear your neighbors at all hours of the day and night. You also have monthly assessments when you live in a condo and these assessments usually go up every year or so. Also, you may have to pay a special assessment in addition to your monthly assessment. There are also a lot of rules and regulations when you live in a condo compared to living in a house.
@MichaelBordenaro 3 жыл бұрын
Thank you! Yes I am totally aware of all these points having lived in a condo now for many years and sold many of them too. Although, there are some benefits to living in a condo, its not all bad. I will make a video about that too 👌
@donnadixon289 2 жыл бұрын
You forgot to take into account that all those rules apply to your neighbours as well. Try living in a city home with your neighbour frequently working on engines or motorcycles while you’re trying to relax. How about the next door party house rental or renters who reduce the value of your home with their damage and junk. Maybe the breeder of large dogs barking day and night in the yard next door. How about the careless drunk neighbours having a fire pit a few feet from your house. In a house, all those “freedoms” are imposed on you, you can harass them back but what sort of life is that? BTW, I have lived in a house all my life, sometimes fortunate to have good neighbours, sometimes a nightmare.
@MichaelBordenaro 2 жыл бұрын
That is a very good point Donna, but I would still prefer to have my freedoms. You can always assess the neighbor situation prior to buying a house if you want, just to make sure. The rules aren't all bad like you said, but just annoying when you want to do basic things like wash your car, just have a BBQ whatever...
@ChrisInvests 3 жыл бұрын
I'm living in a condo here in Florida. I've always lived in a house and miss the privacy but it's very affordable. Having said that, I definitely want to buy a house at some point for the garage and yard space.
@MichaelBordenaro 3 жыл бұрын
Yes I'm pretty sure the majority of people who live down here live in condos because they are quite a bit more affordable generally. I'm with you though Chris I can definitely see myself in a house in the future too 👌
@johnpeymann2783 3 жыл бұрын
Another option to examine...if you want a garage and a lawn but not the hassle of owning a single family home is to buy a townhouse...you get all the options of owning a home with a garage but you have to pay monthly dues just like a condo.
@MichaelBordenaro 3 жыл бұрын
@@johnpeymann2783 agreed that is a very good middle ground and most of the time the Hoa fees are significantly less than condos
@BY-rl7sk 3 жыл бұрын
I just bought a home in a gated community where they are several gated communities each has about 150-200 homes. I will have a car garage and a small back yard with grass to mow. The front is pavement in front of the garage and front entrance. Since the land is very small not even a quarter acre so the lawn in the back to mow is very small and there are no trees but just bushes around the home.
@bilahn1198 3 жыл бұрын
Another very intelligent video from this guy. I had a condo for a while and it's nothing but a glorified apartment with all the disadvantages of apartment living and almost none of the advantages. I don't know why people do it except to claim that they "own something". If you do do it you better research the building very very carefully! And there is no bigger nightmare than being hit with some big assessment that you have no choice but to pay. It can bankrupt you. Of course if you own a house there's a lot more work to do and you absolutely have to be handy. Frankly I've gone back to renting and I love it. It's total freedom and I don't have to worry about anything. My savings go into my retirement account not my repair account. Sure it would be nice to have a house but to me it's not worth it. For others as certainly is and I get that. But a condo. Never again!
@MichaelBordenaro 3 жыл бұрын
It's always interesting to hear when people have a better experience/deal renting. Owning a home can be great but it's definitely not for everyone and I am the kind of person where it's highly dependent on the numbers. For me if the numbers don't make sense to buy versus rent then I will rent every time 👌
@mrparts 3 жыл бұрын
Condos only make sense in areas where there are no single family homes. Like dense urban areas. However if one must buy a condo it’s better to get the one with the most strict and rigorous HOA.....
@MichaelBordenaro 3 жыл бұрын
People buy condos for a lot of different reasons, that is one of them but a lot people don't want the extra work a house brings, condos are also usually more affordable and in more desirable locations. I actually did an opposite version of this video about houses if you feel like checking it out
@redstreet8012 3 жыл бұрын
My father had a condominium at Myrtle Beach 15 years ago the dues were 150 dollars a month before they decided the buildings needed new siding and other repairs, the new dues went up to over 500 dollars a month.
@hipmoma 3 жыл бұрын
OMG!
@MichaelBordenaro 3 жыл бұрын
Oh yeah that's a very common situation in a condo for sure
@5thdimension625 3 жыл бұрын
The HOA’s changing at moments notice is the main reason behind my decision to own a home.
@MichaelBordenaro 3 жыл бұрын
@@5thdimension625 Definitely understandable.
@virginiaashmore8643 3 жыл бұрын
In most homes you still have strict HOA rules and houses 12 feet away. You might consider a house on some acreage for the freedoms you’re dreaming of.
@MichaelBordenaro 3 жыл бұрын
If your house is in an HOA community, sure!
@prettygirlus9008 3 жыл бұрын
In 2015, I bought a beautiful, well-located 2/2 beachfront FL condo foreclosure on the east coast at a great price as a future retirement spot. I've kept it fully rented at $1400/mo but HOA has slowly increased to $500/mo., property taxes to $3900/yr., and $15,000 in assessments over the past two years are making it harder to hold on to.
@MichaelBordenaro 3 жыл бұрын
Condos can be tricky investments although if you are still ahead, and have cash flow every month you're in a good place. Could be worse
@kentclark5594 2 жыл бұрын
i would advise anyone in their 30's or 40's to buy a single family house over a condo. If you can swing the down payment & the mortgage & taxes, you will be a happy homeowner in 5 to 10 years. Also have the house inspected by a licensed contractor BEFORE you commit to the purchase. (contingency) & have the appliances & pest control situation checked out. Make sure the neighborhood is desirable or an up & coming neighborhood. Your realtor should know. Also talk to your potential new neighbors. Location is everything!
@MichaelBordenaro 2 жыл бұрын
All excellent advice Kent 👌
@mstyles2667 3 жыл бұрын
I grew up in a condo, it was ok, it was easy for my parents to raise us and not have to worry about lawn/pool/exterior home maintenance plus it was way more affordable for them. But there were many restrictions. Now I can't live in anything but a house with no HOA as I have way too many animals. While looking for properties for our move to Florida, I didn't find one community of homes or condos that would allow more than 2 dogs or cats (in the Naples area). So we live in the middle of the Everglades with all the wild animals, we had a bobcat at our kitchen window yesterday!
@MichaelBordenaro 3 жыл бұрын
That is quite the contrast and ironic since its the opposite of my upbringing and currene circumstances. The house is definitely the right fit for you now! I plan on doing a follow up to this all about the good things about condos, as are there quite a few of those as well 👌
@mstyles2667 3 жыл бұрын
@@MichaelBordenaro Absolutely! And I think it's so great that you do 2 videos on topics to show the plusses and minuses on both sides, helpful to people on both ends of the spectrum. Keep it up!
@MichaelBordenaro 3 жыл бұрын
@@mstyles2667 Indeed! There definitely are pros and cons to each housing option. I'll keep them coming 😀
@johnpeymann2783 3 жыл бұрын
I love my condo... no crazy rules for the most part... plenty of parking...no limit on guests... sure there's that maintenance fee but it covers the landscaping,basic cable (although Brighthouse is continuously looking for new ways to screw the consumer),pool maintenance, clubhouse...if you own a house in a subdivision there is many rules that you have to follow too that are just as bad as these condo rules like you mentioned... like fining you if your lawn is too brown even though you can't water it due to water restrictions it's crazy... BUT then again if you own a home outside of a development and you don't have to follow ANY rules then you just might be lucky enough to live next door to a guy who doesn't take care of his property and has a couple of junk cars in his yard... I guess the point is that you just have to do your homework and choose wisely... I feel so lucky that I found an awesome condo community to live in although lately my asshole neighbor feels the need to play his stereo at all hours of the night while I'm trying to sleep... I don't know what his problem is...grrr! Love your channel!
@MichaelBordenaro 3 жыл бұрын
I’m glad to hear that John! Sounds like you did make the right choice. Obviously there can be some terrible HOE‘s whether it’s a condo or a house and you are taking your chances living in an area where you’re free to do anything LOL. Glad it worked out for you👌
@gaylefriedman3773 2 жыл бұрын
🤗 Loved your reply A--H---.
@gaylefriedman3773 2 жыл бұрын
@@MichaelBordenaro 😂🙌🙌
@Prewittfit 3 жыл бұрын
I've lived in a condo on south Beach in my single days which was awesome. Now I like a house , especially with kids. Just depends on what you want. Good info Mike
@MichaelBordenaro 3 жыл бұрын
Absolutely, both places have their benefits. I'll be doing a follow up vid talking about the perks of a condo too 😊
@heatherlynn542 3 жыл бұрын
I totally agree with this! We are in the middle of selling our condo in Iowa and relocating to the Tampa Bay area and we are definitely taking a hard look at buying a house or duplex instead of condos for many of these reasons.
@MichaelBordenaro 3 жыл бұрын
Both have their pros and cons for sure, but I don't blame you. After a long time in a condo, living in a house will probably be very freeing for you👍
@prettygirlus9008 2 жыл бұрын
One problem with condos is that there is usually very limited parking. Often one assigned spot per unit, plus very limited visitor parking.
@MichaelBordenaro 2 жыл бұрын
Very true!
@JB-zb9zo 3 жыл бұрын
@ 4:00 I would talk to the other tenants regarding rule #7. When we moved to a condo, I was afraid that this would be a problem. However, everyone is always happy to see me working on my car. Thus far I have washed my car numerous times, removed the driveshaft for some work, control arms, and I have done regular 5K oil changes over 2 years. Now, I am respectful, all of my car wash stuff is as safe to concrete & environment as possible & when I lug my 50 pound 5 foot jack, and jack stands I always place cardboard underneath. I also plan to rebuild an engine in the garage, just to show HOA who is the boss ;)
@MichaelBordenaro 3 жыл бұрын
It probably highly depends on the building and the peoples attitude who live there. Lucky you that you get to work on your own ride 👌
@VomBethel 3 жыл бұрын
Couldn't agree more! You make great points in this video. Another thing about living in a house with a Hone Owners Association is you might have some of the same issues you have with a condo. Buyers Beware!
@MichaelBordenaro 3 жыл бұрын
Thank you! That's absolutely correct. Same issues can be had in HOA communities of single-family homes
@kentclark5594 2 жыл бұрын
I would NEVER buy a house with an HOA...Most houses in urban areas don't have HOAs. My house...My rules. No HOA for moi!!!
@theoneandonlypinkypinky8245 3 жыл бұрын
As an adult I have never lived in a house. I grew up in one but I never had to make repairs. A house is too much trouble, for us to take care of. But We live in a coop the rules are exhausting! the monthly fees NOT including utilities are 2000 a month! They don't even do repairs any more and we are stuck! They claims the monthly fees are to take care of the outside like snow removal and tree trimming. I heard condos didn't have those rules. Shocked to find out that they do!
@MichaelBordenaro 3 жыл бұрын
Oh yes the only real difference between a condo and a co-op is the way the ownership is handled legally. But as far as the association they're all able to make their own crazy rules
@bcdeaton777 3 жыл бұрын
Michael You are exactly right. I would never live in anything but a house. I love my house. Anywhere I move I will definitely look for a house.
@MichaelBordenaro 3 жыл бұрын
I mostly agree with you there Barry. There are only a few areas/situations where a condo makes more sense
@hectorromero8730 3 жыл бұрын
To live I wouldn't mind renting a condo, but I would never buy a condo. Great video.
@MichaelBordenaro 3 жыл бұрын
Good point Hector!
@jrjrjrjrjrjrjrjr 3 жыл бұрын
Freedom, is the key word and main reason to buy a house
@MichaelBordenaro 3 жыл бұрын
Totally 👌
@beachykeen2082 3 жыл бұрын
Great points in this video Michael. My big concern about buying a condo are special assessments. It's crucial in my opinion to do your homework on the association. Is it financially healthy? Do they have a healthy reserve for the big expenses? When was the last assessment and what was it used for? Do they tack it on your monthly expenses or do they require a lump sum? I think it's also a good idea to talk to actual owners in the community to get their perspective. Just a few of my thoughts here. Thanks for all you do! I always learn something from your videos.
@MichaelBordenaro 3 жыл бұрын
Thanks Beachy Keen! You are absolutely on point with the amount of homework that needs to happen when buying a condo. I couldn't agree with you more and I'm so happy you always learn something from my videos 😀
@alema1443 3 жыл бұрын
You are so right I own a condo and never again they dictate to you like they're a cult and get them with the old ones
@MichaelBordenaro 3 жыл бұрын
I hear you! It can be miserable in the wrong buildings 😬
@james5460 3 жыл бұрын
The dealbreaker for me is the whole car thing. I am always working on my car, I'd go broke if I had to pay a mechanic to do everything. No can do. Condos are not for me.
@MichaelBordenaro 3 жыл бұрын
Yep that solves that then!
@lisahardeman-dunn9211 3 жыл бұрын
Michael, native Floridian been living in California for 25 years trying to get home… Watching your videos, but hearing how you’re struggling with handyman, do they not have “task rabbit“ in Florida this is an amazing app that you hire people off of that was actually started by IKEA. My husband does this as a side hustle, you can hire people by their metrics by their ratings from people that have hired them. Check it out
@MichaelBordenaro 3 жыл бұрын
You must have seen the video about running a business here lol. We do have task rabbit. I never considered checking them for handyman services. I appreciate the tip and I will try that next time I need one 👌
@chrisgt198726 3 жыл бұрын
Also if you use FHA financing they CAN tell you that you can't rent it out the first year or two.
@MichaelBordenaro 3 жыл бұрын
That's correct. Usually you can't rent for the first year after owning a house when you finance with FHA
@novadhd 3 жыл бұрын
Good video Mike! I guess that is why mostly retired prefer condos due to less work involved taking care of the property. Also many homes have to abide by HOA rules as well. Keep up the nice videos I like seeing Florida backdrops!
@MichaelBordenaro 3 жыл бұрын
Thank you ! Yes I can see that making more sense for most retirees. That's correct a lot of houses are in HOA communities too, but you can easily avoid those neighborhoods if you want 👍
@gaylefriedman3773 2 жыл бұрын
Fla. is not what it use to be. I live in Fla. A nice place to visit. Not a well designed living.
@wg6377 3 жыл бұрын
You got that right for shure , always great videos , cheers
@MichaelBordenaro 3 жыл бұрын
Thanks! glad you enjoyed
@forextrader8666 3 жыл бұрын
Still with you🙏🏻 lets reach our goals🚀
@MichaelBordenaro 3 жыл бұрын
Alright!!!✌️
@teledoink 9 ай бұрын
Condos suck for one reason - You’re in an apartment. You pay the HOA and they can decide if your complaints about a broken communal door is valid or not. If they decide it’s not valid you’re SOL.
@danieloconnell6074 3 жыл бұрын
hoa fees have exploded.. many condos here are about (tampabay) 30yro which means Maintenance problems are many. if u have a bad condo board even more problems . i seen it both ways spending to much money or not enough and the place is sliding down hill.
@MichaelBordenaro 3 жыл бұрын
At the heart of it I believe the biggest problem with the condo fees is mis-managment. Even when they hire professional management companies they really aren't that professional and often do a terrible job which leads to higher fees and special assessments
@franlooving4203 3 жыл бұрын
AND the HOA fee in a condo. So obnoxious, especially if it's a cheap assoc that barely does anything. Was in a condo 5 yrs, rude neighbors & happy to leave. Only my experience. Thanks for vid.
@MichaelBordenaro 3 жыл бұрын
Oh yeah, can definitely be a big pain in the ass, and some are much better than others
@kentclark5594 2 жыл бұрын
Bottom Line: A single family house is a better investment....You have complete control of your property..(No HOA)...You have the control, nobody tells you what to fix or when to fix it. The demand for single family houses in desirable locations will NEVER go away. Best decision I ever made was to buy my house. I've owned 3 condos & I was glad to sell every one of them. HOAs are a PIA. Never again.
@MichaelBordenaro 2 жыл бұрын
Yep, that would be my favorite thing about moving to a house one of these days is escaping the HOA. Where I live really isn't so bad, but there are always a few rules that I could live without
@sandravega9742 3 жыл бұрын
Thank you for being honest I am planning to move to Florida good information thank you👍
@MichaelBordenaro 3 жыл бұрын
You're welcome Sandra! Glad it helped you😀
@jamesstevens2591 3 жыл бұрын
Some of the rules and HOA fees of single family houses can be almost as bad as living in a condominium high rise or townhouse type of condo. Gated communities are all over Florida and they are notorious for excessive rules or deed restrictions. You can only park certain types of vehicles in the driveway and only for a certain length of time. Grass must be maintained at a certain height, garage door has to be closed except for coming and going, etc. The worst one i ever heard about was at the development of Celebration in the Orlando area. Believe it or not, you can’t even store boxes or much else in your garage because they’re considered unsightly when the garage door is opened. In gated communities, typically the streets are private and have to be maintained by the owners $$$$. Also some communities have Community Development (CDD) fees in addition to HOA fees. Recommend educating yourself thoroughly and checking everything TEN times before you buy anything in Florida.
@MichaelBordenaro 3 жыл бұрын
All good points James! These things certainly do apply to HOA communities even if they're single family homes👍
@gladysgriffin7347 3 жыл бұрын
Great video with nice view and content to make you think about many details when buying. Thanks for the video Michael.
@MichaelBordenaro 3 жыл бұрын
My pleasure!! Its important to consider these things, especially if you havent experienced both👌
@Jeannified 3 жыл бұрын
Great video with important information!
@MichaelBordenaro 3 жыл бұрын
Thanks Jeannifed!😀
@bobsykes 3 жыл бұрын
This pair of videos brought up points I hadn't thought of, even having lived in both (in Northern California) over the years. Very helpful!
@MichaelBordenaro 3 жыл бұрын
Glad it was helpful Bob! Seeing these things day in and day out makes it pretty easy for me to piece it together👍
@yearginclarke Жыл бұрын
Any type of housing with shared common walls sucks *BIG* time from my experience.
@kenmoreSF 3 жыл бұрын
Michael, I'm wishing you 1 million viewers soon. You deserve all the success and million of dollars coming your way. :-)
@MichaelBordenaro 3 жыл бұрын
That’s a very kind wish Ken I too hope it comes true👌
@EmmanuelauxUSA 3 жыл бұрын
Hello Michael :-) I live in a house in Florida, the residence has a HOA and some rules are sometime very weird. But I did not know that condos have so much strict rules about guests etc... - although I assume rules change depending on the buildings and areas - Thank you for your videos! It's always full of good information.
@MichaelBordenaro 3 жыл бұрын
Hi Emmanuel, yes even houses in an HOA can have similar type of rules. They are all different. The rules heavily depend on each individual HOA and the rules they vote for and put into place. Glad you liked the video!
@letthatbeyourlastbattlefield 3 жыл бұрын
My additions to your list: 1.) water leaks -- if you live on top, your water leak affects your downstairs neighbor and you then have two repair bills 2.) if your building has a common door, others can mess it up on you -- ruin the lock (so you have to go around the building to the back door) or damage the automatic closing mechanism (then everybody in the building pays for the repair) 3.) the city periodically sends inspectors to multi-family buildings, where you can fail for such things as your condo unit doors not automatically closing fast enough (that's supposed to slow the spread of a fire) 4.) you have to accept the condo association schedule -- when they decide to repave, you have to park elsewhere; when they decide to repair part of the water system to the building, you get your water shut off: when they decide to ... 5.) [related to #4] you have to wait for them to repair any common lights (like the building hallway), to get pest control for squirrels in the attic (considered a common area), to replace faulty beeping smoke detectors in the common areas, etc.
@MichaelBordenaro 3 жыл бұрын
All good points and valuable additions to this list 👌
@markresendez1493 3 жыл бұрын
Great Video and information. I would want to be able to work on my car, I did for many years. I had a mustang and like to crank some music too. I guess I would be looking for a house outside the major cities.
@MichaelBordenaro 3 жыл бұрын
Thanks Mark! Yes I miss being able to do the simple things like that just washing my own car, changing the oil, keeping them clean. It can be fun if you crank up the music😄
@geysaoliva6770 3 жыл бұрын
Hello Michael. Thank you for all these important informations, especially about Flórida, the place I am planning to move. I live in Brazil and I don’t speak English very weel but I can understand almost everything you say. By the way I train your language. 😄 Thank you very much!
@MichaelBordenaro 3 жыл бұрын
Oi Geysa, Todo bem? Eu falo poco Portuguese lol. Minha esposa e Brasilera😀 Thank you for watching my videos. I am happy you enjoy them and hopefully they will help you learn more about Florida and some English too👌
@cherylcommendatore7108 3 жыл бұрын
Michael, stumbled onto your videos this week. I like the topics. Can you talk about investment properties or Airbnb your property? I’ve been looking in the CHARLOTTE county area and the demand is so high on purchasing that I am very frustrated. Can these astronomical prices sustain or will market readjust?
@hipmoma 3 жыл бұрын
I'd love to know that too. Also about St John county and Penellas county.
@MichaelBordenaro 3 жыл бұрын
Thank you Cheryl! What type of questions about Airbnb do you have? I am working on an Airbnb video so any particular questions about it would be helpful. As far as the real estate market I think if the government keeps printing money the prices will probably continue to go up for the Foreseeable future. It's basically artificially inflating the real estate and the stock market
@cherylcommendatore7108 3 жыл бұрын
@@MichaelBordenaro are there any restrictions in Florida on being allowed to use your property as an Airbnb? Is it situational? Does the State take a percentage of the rental?
@MichaelBordenaro 3 жыл бұрын
@@cherylcommendatore7108 The restrictions are usually imposed by the local government of the city or town. Some have no restrictions some have many so it depends on the city in Florida. In addition to that it also depends heavily on the building if you're buying a condo as they will have their own set of rules as well. Usually the local government of the city requires you to have a business license to operate an Airbnb so you will have to pay a fee for that
@m.manduri 3 жыл бұрын
The video quality is really good!! What camera did you use?
@MichaelBordenaro 3 жыл бұрын
Thanks! I use iphone 12 pro max
@simil252 2 жыл бұрын
I think it all comes down to needs. I live alone in a condo downtown Toronto. 1. I never hear my neighbours, never see them, I don’t even know they have a party until I actually walk by their door. 2. Maintenance fee takes care of everything, including snow removal (I’m Canadian). 3. I have a 24h concierge receiving packages for me. 4. I feel save every year of the week and if I need anything I can ask my concierge. My man lives in a house and his neighbours know everything about everyone. He cannot have a loud party till late night or someone will knock at his door. 5. My utilities bills are certainly less pricey compared to a house. I can get Internet for little money with a deal for the building. My man in a house pays full price for everything. For me it comes down to two things: 1. Condo wins on being in perfect location and everything walking distance, feeling safe and never alone. 2. House wins in space to my ever growing closets and a potential backyard to raise a big dog and
@MichaelBordenaro 2 жыл бұрын
Absolutely! It just depends. FYI, I did the reverse of this video as well of why to never living a house 😄
@yannickcodyx1418 3 жыл бұрын
Yes i still hate condos thank you Mickael ^^
@MichaelBordenaro 3 жыл бұрын
😆
@dennisklimavich3342 3 жыл бұрын
Well this one.....really depends on a person's stage in life. Things you thought as neg. I can consider pos. (e.g.working on your car, replacing the engine in the front yard; I would hate if my neighbor did this crap plus had an RV parked in the driveway/lawn); I don't want my neighbors to have a bunch of unknowns (often questionable people) staying for extended times. All preferences I guess. When your 25 ok, when your 60 not so much. Enjoy your posts
@MichaelBordenaro 3 жыл бұрын
That is an interesting point of view Dennis. I think you are right, and some of this will make into my follow up vid about the good things about condos. Glad to know you enjoy my content😊
@d.lawrence5670 7 ай бұрын
No control on rising HOA fees w/ condos. Decent single-family homes are unaffordable for most Americans. Apt living sucks due to neighbors. What other options are there? Should we be looking at trailers? House boats? Campers? There is negative and positive in everything. It's about choosing whatever gives you what you MUST have or helps you avoid what you CANNOT live with. And a house is not for everyone. A home is like an effing child. Requires a TON of money and energy to maintain, which, btw, most Americans don't have. One size does NOT fit all, buddy. And btw, it's "fewer neighbors", not "less neighbors".
@hipmoma 3 жыл бұрын
thank you so much for this video Mike. So on point! I would never buy a condo. Basically like being a renter only you pay your rent in advance for 10 years. From that point on, your monthly expenses may be lower depending on HOA. The restrictions are crazy. Before I would buy a condo, I'd buy land and build a house on it myself. Also, things like 5G Antennas, at least for me, matter. In a condo you are talking about a huge amount of radiation from 5G nowadays with all those units and tenants. Then the whole covid issue. House rules pandemic related etc. no way.
@MichaelBordenaro 3 жыл бұрын
You're welcome Dani! I knew you would like this one😄 All good points you made about condo life👌
@poetryforyou1981 3 жыл бұрын
Hello! I think if now you make a video about which professions are open in Florida for foreigners like Russians, for new comers to the USA who never lived and worked there, many Russian people will watch you. 😁 Greetings from the Russian person! 😁
@MichaelBordenaro 3 жыл бұрын
Thanks for the suggestion! I'll consider it👌
@miguelguitarguru 3 жыл бұрын
Nice video my friend. I think i ll rather get a house too. What do you think about the area of Miami Springs micheal ?? Like in general house prices and lifestyle.
@MichaelBordenaro 3 жыл бұрын
Thanks Miguel! The Miami Springs area is not terrible but it's awesome that one I would recommend either. Being so close to the airport it's very noisy and the neighborhoods can be sketchy
@sharonlee7111 3 жыл бұрын
Yes I would prefer a single family homes and no HOA fees neighborhood
@MichaelBordenaro 3 жыл бұрын
That's the best choice for the ultimate amount of freedom
@BlackBirdieGolf 3 жыл бұрын
Definitely buying a house!
@MichaelBordenaro 3 жыл бұрын
I don't blame you!
@gregarioussolitudinist5695 3 жыл бұрын
somebody is pocketing the the monthly MAINTENANCE ASSESSMENT payments. That money is supposed to be saved for all of those repairs.
@MichaelBordenaro 3 жыл бұрын
In some cases I would say this is probably true. But a lot of places, especially down here in Miami have extremely high insurance costs and that alone is a big expense for many HOAs
@robertsugarland 3 жыл бұрын
I totally agree. My worst nightmare is when latinos start putting very loud music at night !
@MichaelBordenaro 3 жыл бұрын
Haha! I know what you mean 😆
@GUITARTIME2024 3 жыл бұрын
That would be violating the rules. Just report it to the Board.
@jadeheart911 3 жыл бұрын
Hey Mike ! Thanks for this one! I am still in Buffalo Ny and have been so hesitant to make the move just because of all of what you just said. It seems like the people are jst packing in down there and with comes more "florida man" situations ! ! lol !!! I 'm not so sure a condo is the way for me to go anymore.
@MichaelBordenaro 3 жыл бұрын
You're welcome Deb! I didn't mention this in the video but not all condos are created equally. There are plenty of them that are much smaller buildings and quieter communities. It really depends on where they're located.
@CP-nt4qx 5 ай бұрын
I rent a townhome in San Diego, CA for $3400/mo. My walls are paper thin and my neighbors suck. I hate living in this dormitory style life, but my girlfriend enjoys it. I’m done.
@joejoejohnson8207 3 жыл бұрын
I hate HOAS.. The board nothing but stole..I had a 43000.00 Assessment on my unit.. I got out a loss .. The board was biggest bunch of jerks.. Buy a very small complex of 10 units or less ..
@MichaelBordenaro 3 жыл бұрын
Yes some of the boards can be terrible
@gt3017 3 жыл бұрын
Hi Michael! Another great video! My wife and I are moving to Southern Broward County. Considering Southern Ft. Lauderdale, Hollywood, Dania Beach, Hallendale Beach. Do you know of any experienced Rental Agents who can help us find place? We'll be booking a call to discuss things with you shortly 😊
@MichaelBordenaro 3 жыл бұрын
Thank you! I have a colleague that might be able to help you with a rental in the area. I look forward to having you on a call 👍
@BY-rl7sk 3 жыл бұрын
what About a house in a gated community?
@MichaelBordenaro 3 жыл бұрын
You're basically dealing with the same level of control and rules that you deal with in a condo the only differences you have your own separate house instead of living in a building
@davidgodshall2535 3 жыл бұрын
Well needed video, but the part about being able to rent out your house when you want may not be true. For example, my HOA restricts rentals for less than 30 days. Keep up the good work -- I enjoy these videos
@MichaelBordenaro 3 жыл бұрын
Thank you David! I should've mentioned HOA houses in the video but when I said House I meant houses without an HOA at all, bc that is correct, they can still tell you what to do, and I equate that to being pretty much the same as living in a condo
@BY-rl7sk 3 жыл бұрын
The HOA don't want you to do airbnb business
@ThatCho 3 жыл бұрын
I finally subscribed! lol
@MichaelBordenaro 3 жыл бұрын
Alright!!😀
@Royal109618 Жыл бұрын
What about safety? Would you say condos protect you more?
@chrisgt198726 3 жыл бұрын
even if you own the condo they can tell you how many people can stay the night? great vid
@MichaelBordenaro 3 жыл бұрын
You bet they can! And many other things too that I didn't even touch on in this video
@sunny1n 3 жыл бұрын
I live in Condo in North CA. And I once I told my self I would never buy another property with HOA. But now I’m looking for a property around Fort Lauderdale with direct ocean view and all I see that I can only afford a condo under &600k. I wish I could find a house with direct ocean view around this price. So I guess I have no choice but into condo again.
@MichaelBordenaro 3 жыл бұрын
That's usually the ultimate trade off. If you want to be right on the beach a condo is the only practical choice for most people unless you're a multimillionaire
@KT-rk6fn 3 жыл бұрын
California's are not welcomed in Florida don't ruin our state
@sunny1n 3 жыл бұрын
@@KT-rk6fn first of all, its none of your business. And second, if I ever move I wont be the one to ruin it. Not all Californians are same.
@janicerodriguez2962 3 жыл бұрын
The repairs in a condo and a house are the same inside and the responsibility of the owner.Nice videos.
@MichaelBordenaro 3 жыл бұрын
Yes that's correct and exactly why the repairs inside of the condo will always cost way less than a house because it's much smaller and you don't have an outside to keep up with
@MichaelBrown-ny3et 3 жыл бұрын
Let’s not forget about the pet situation. Most condos don’t allow pets. That’s a no-go for me.
@MichaelBordenaro 3 жыл бұрын
Yep good point Michael that goes back to all the rules for sure. Of course some condos do allow pets but even the ones that do have restrictions on what kind and size etc.
@romanromanowski9038 3 жыл бұрын
Most developers will allowed the pets , just to sell the units faster .
@MichaelBordenaro 3 жыл бұрын
@@romanromanowski9038 the problem is after all the units are sold and the condominium association is formed that's when all the crazy rules start coming into play
@clausbohm9807 3 жыл бұрын
#6 ... MORE PRIVACY! ... I can't even wash my damn car!
@zaidee5835 3 жыл бұрын
hello, how're you? well i'm a student and i want to study in jacksonville downtown area so please tell me something about jacksonville is it have a job opportunity and have alot of fun activities???
@MichaelBordenaro 3 жыл бұрын
Yes Jacksonville does have a lot of younger residents and it's a very up-and-coming area. Lots to do and lots of events you'll probably like it !
@zaidee5835 3 жыл бұрын
@@MichaelBordenaro Thanks!
@Booblickoff 3 жыл бұрын
Zero dislikes!
@MichaelBordenaro 3 жыл бұрын
Thats pretty rare lol! I guess everyone really loved this video 😀
@hipmoma 3 жыл бұрын
Mike I'm looking at single fam. homes in St. Pete and St. Augustine to live in it myself but of course want something in a place that holds value. Both places are very overpriced right now and barely any available at all round $200k for 2 bed, and they go like hot cakes. Would love your quick thoughts on those specific 2 locations as options. Which do you prefer and/or think is a better investment and place to live for me? I'm single, a young 40s, have a dog and work from home.
@MichaelBordenaro 3 жыл бұрын
Those areas are hotspots right now and growing fast so I'm pretty sure the prices you see now could end up being double in 10 years from now. It might seem high at the moment but due to the large demand for those areas you're probably better off buying now. I think both areas will continue growing quite a bit over the next decade
@hipmoma 3 жыл бұрын
@@MichaelBordenaro awesome, thank you. No personal preference? I know they are both very different. Was just wondering your opinion?
@fofofofo3076 3 жыл бұрын
@@hipmoma hi I know some cheap homes less then 200k add me in Instagram fouzi13
@MichaelBordenaro 3 жыл бұрын
@@hipmoma My personal preference hands-down would be Saint Augustine for sure!!
@hipmoma 3 жыл бұрын
@@MichaelBordenaro oh really? interesting. I'm leaning more in the other direction :) but I've yet to go there... next week. But def finding more single fam. homes in St. Pete than in St. Augustine. There is nothing in St. Augustine now
@straceshow3212 Ай бұрын
There are many more drawbacks to condo life. One is total lack of privacy, even while you are inside your condo. No sound proofing is very common and even if it does exist it's inadequate. Don't talk too loud on the phone!
@teledoink 9 ай бұрын
Condos - enjoy slamming doors, footsteps upstairs, obnoxious neighbors, meth head guy across the hall entering and exiting his unit every 2 minutes and you know this because you hear him slam his door every single time and it shakes your walls. Oh did the people two doors down get a small dog? Joy! Enjoy hearing it bark constantly. Also they’ll complain about your pets.
@sumanghosh-pb3dw Жыл бұрын
5:07 - most condos giv u one parking space.
@gaylefriedman3773 2 жыл бұрын
Condo Living is the most hurrendus form of living. There's no Board, Which keeps up any Condo in today's world. You're changed an Arm & Leg for
@electrohousemusic166 3 жыл бұрын
Kewl. Where are the cheap single family homes at? Surfside? Also some single family homes have a HOA with a lot of rules and regulations.
@MichaelBordenaro 3 жыл бұрын
I wouldn't say surfside is cheap it's pretty expensive actually. And the areas where they're really cheap in Miami you probably want to stay away from. I plan on doing a good neighborhoods in miami video at some point
@electrohousemusic166 3 жыл бұрын
Kewl. Did you see the new plans for the NB Park? They are going to redesign it and put a beachwalk through it.
@MichaelBordenaro 3 жыл бұрын
@@electrohousemusic166 Yes I did! They have been talking about it for a few years now
@electrohousemusic166 3 жыл бұрын
Well the talk is over. Its approved and should be completed in a year
@MichaelBordenaro 3 жыл бұрын
@@electrohousemusic166 That would be great, looking forward to it
@CatLover-g7j 3 жыл бұрын
I live in a box....no HOAs
@crissdrums3975 3 жыл бұрын
Michael:Will you ever buy a house since you say houses are better then condos?
@MichaelBordenaro 3 жыл бұрын
Probably eventually. It depends on how long I end up staying in Miami. If we move will definitely buy a house. If we stay here for a while I may buy a house eventually but will take a lot longer because they cost a lot more here
@chinaberg 2 жыл бұрын
I think you mean "buying a condo." You have the same rules if you rent a condo.
@MichaelBordenaro 2 жыл бұрын
Thats correct the same rules apply whether you own or rent. This video is more aimed at the type of property that is best for you to live in, not weather its better to buy or rent
@LindseyDara 3 жыл бұрын
Almost 11K!!!
@MichaelBordenaro 3 жыл бұрын
We're getting there!
@IncaReina 3 жыл бұрын
Mike, I love your videos but you actually talked me out of Florida. I’m in CT. Really it’s not that cold here. The snow is beautiful. It sounds like it’s getting overcrowded there according to your video. A lot of houses over there are in an HOA. You sound bitter and unhappy in your condo. I don’t blame you. Move to a house Mike. Just to let you know, you talked me out of moving. I’ll still watch your videos.
@MichaelBordenaro 3 жыл бұрын
Ha ha that's OK Monica the point of the videos was never to convince anyone to move here LOL. Just to show what it's really like. I'm not actually unhappy at all and if this video does well I plan on making the exact opposite version of it 😉 Just trying to make some good infotainment👌
@IncaReina 3 жыл бұрын
@@MichaelBordenaro No, I’m really grateful and I’ll tell you why: This info is really important. I had a coop in NY. To buy a coop, they put you through everything but close to an anal probe. After I lived there for many years, they wanted to know who came to visit, how long they were staying and they had to okay relatives that came to stay. The rules were crazy strict. I now have a beautiful condo in CT and the board could care less what anybody does. They don’t have to approve you or anything. These things are important to consider when moving. I would be miserable living in a place that has to know who and what goes on in my house. I would feel stupid having to pay for crap like that. Very important info to know. Different states, Different Rules.
@MichaelBordenaro 3 жыл бұрын
@@IncaReina yes those places are ridiculous. I don't know why anyone would want to live in places like that I feel like the whole thing is one big deterrent. And we have places like that here in Florida too it's not a state thing it depends on each individual Association. They make their own rules
@aprilm2664 3 жыл бұрын
To me a condo is just like an apt, rules rules rules ihate it
@MichaelBordenaro 3 жыл бұрын
They are similar but you can own a condo whereas an apt you just rent
@misssixty8924 3 жыл бұрын
Looks like Michael is pretty annoyed at his condo .😹😬
@MichaelBordenaro 3 жыл бұрын
Not at all! But I have visited many buildings here and have heard some stories...
@kikimugi2717 3 жыл бұрын
I love rules and people that make nuts comply.
@notinamerica_911 Жыл бұрын
Michael why don't you live in a house?
@newenglandtrucker6049 3 жыл бұрын
Why have you lived in a condo for 13yrs?
@MichaelBordenaro 3 жыл бұрын
Because it's the only place to live where I live unless you are a multimillionaire LOL
@newenglandtrucker6049 3 жыл бұрын
@@MichaelBordenaro oh I get it. Cool btw I like your videos. Keep up the good work.
@MichaelBordenaro 3 жыл бұрын
@@newenglandtrucker6049 Yes for sure. I have an upcoming neighborhood tour video Where I think it's a very good compromise of living in a house not far from the beach. I'm happy to hear you're liking the videos!
@SC-gp7kt 3 жыл бұрын
Karens!!!!!
@MichaelBordenaro 3 жыл бұрын
Yep, gotta watch out 😄
@gaylefriedman3773 2 жыл бұрын
For nothing. Anyone can have a. Gym, or Sauna. If you have a roof leak, expect no help from Management. President. B.O.D. You're on your own. I'm experiencing this matter,and I refused to pay Maintenance.Not one Person helped me. I needed to call in a Restautation Man to fix my entire Kitchen, & Living Room Wall.I paid out of my pocket without and helping from Maintenance. I'm taking the Lawyer to the Bar Association for this on going soga.I just begun to fight. I don't pay for a Roof Leak then for 10 months later,I have a soaking wall. I don't appreciate this kind of living. If there's a said Normal Lawyer whom works best for H/O/A's, let me know about this matter.
@MichaelBordenaro 2 жыл бұрын
That is a horrible situation Gayle..I hope you get it resolved soon and needless to say I would be selling that condo asap just to get out of there
@gaylefriedman3773 2 жыл бұрын
@@MichaelBordenaro I just noticed your reply. This is unfair to the H/O. Why not remove all unprofessional Management, President, B.O.D., and get a "New Lease," on Living in a Condominium? Why must a H/O leave on account of horrible Management? There's a sign made daily. It says: "Under New Management!" This is what's needed. All Associations, which works with Condominiums, should keep VERY STRICT TABS on all Condominium Managements. CHAMPLAIN TOWERS fell on account of Unprofessional Management. "Is this the New Style of Living In A Condominium?" I'll inform you Mr. Bordenaro, this Management Company Person was Fired from here last Management Job, and now has her own Condominium Management. She was awful then, She's Worst now. I don't hire awful help. Ever here of "Xclusive Management?" You all should look into how a Condominium Organization runs. Thank You!
@MichaelBordenaro 2 жыл бұрын
@@gaylefriedman3773 There are 2 problems with that. One, you have just regular people who are involved who own in the community involved many times that really know nothing about managing a community. Two, is that when they hire management companies, many of them are horrible and unprofessional as well! Its very tough to manage a community in a common sense proactive manner.
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