Rent, Buy, or Condo?

Special commentary by Oakland County Circuit Court Judge Rudy Nichols The title attempts to create a verb out of the word “condominium.” Just as a person can rent a place to live having hallways and other areas in the complex, or buy a place outright and have full ownership, condominium living is basically a hybrid approach to those two methods of living. That is, the resident can fully own the unit they are living in while using roads, parks, pools, etc., in common with others. Whether to … [Read more...]