condos are risky

[Alice Green]

Condos come with a little bit of more risk and the reason for that is that they are tied to the other properties in the existing neighborhood because when you talk about a condo complex, every single unit is typically the same and there are two different variations or a maximum of three different variations. But the problem that you have is you cannot do anything to improve that property. Everything looks the same from the outside, the only thing you can do is interior but you are not going to get a ton of value when it comes to changing the interior unless you put gold-plated walls in. The problem that you have is if someone else lowers their price, it automatically affects your value because there are not enough differentiating facts.

[Joshua Dorkin]

What about the view, the floor, the amenities? There's much more to it. I've seen condos range in price by hundreds of thousands of dollars simply because of a view. I've also seen smaller, but significant price differences due to the amenities in a property.

BTW - None of the condos I'm referring to have "gold plated walls"

I'm not sure about the risk that you're referring to, but the most significant risk that comes with a condo, IMO, is typically in the board & HOA.