The same with buying a single-family home, prudent potential condo buyers should do their research before buying. Not everyone wants to deal with a single-family house for a number of reasons. Condos fit the lifestyles and desires of individuals who don't want the hassles of owning, repairing, and maintaining a single-family house. This is off topic, but this is why many people choose to rent as well. Renting has been unfairly stigmatized for too long in the United States.