Saving in 401k vs Saving for Home Downpayment

Not quite. HOA fees only cover routine maintenance. Large expenses like HVAC replacement (individual units), share for roof and pool repairs are still distributed to individual owners. And it can easily run to up to 20k assessment per unit. Our DD in HCOL area can afford to buy condo now but we advised her against it and to wait until she can afford to buy a house.

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