Tuesday, March 06, 2007

Look before you leap into a condo lifestyle
Fred Pilot located this. Here's a pithy little snippet:
Condo buildings "can be very political," said Jeff Turk, a private equity fund managing partner who recently served on a homeowners association board of a condo in Chicago for two years. "They are literally microclimates . . . in terms of issues that affect one side of the building that doesn't affect the other, like noise from a parking garage, or light creating different heating and ventilation on one side of the building than the other, or a leak in the floor of a rooftop level unit that doesn't affect units underneath it." The issues "can be very contentious or just plain very expensive," said Turk.

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