I'd like to know this too. I'm early in my search but from what I've found so far smaller condo prices in Detroit aren't bad [[$20K-$50K) but the HOA fees can get crazy.
In general high HOA assessments will keep the cost of the condo itself down. However in many cases high assessments also come with a lot of bonuses such as pools exercise rooms. Co-ops also are another animal but it covers taxes, insurance, appliance replacements.......
Yeah, I looked at a few in Lafayette Park that were <$50K, but most were Co-Op. One in 1300 I looked at, the monthly fee was higher than it would've been to rent the same place. I can't believe some of the places in the area are selling for over $100K!
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