From the few people that I have chatted with, that own condos, tell me their fee never goes up that much. And some of them have been in their condo for years.
Basically that's the same if you buy a condo in America, you do not own the land. You hmo. or cm, fees are anywhere between $400.00 to over $1000.00 a month.
If you are from America you will still be able to get your SS. Make sure your passport is several years out. You will need to deposit $26,000. In new bank account and leave it there.. If your SS is $1,500.00 a month you should be OK. Unless you party or drink a lot.
As I said before at 77 a condo would better suit me. I probably have 10 maybe 15 years. After I die my kids can decide what to do with the condo. At least while I am alive, I won't have to keep moving around, and my rent will be paid, just CAM to deal with every month. No rent to keep going up. Its peace of mind. And will be easier to budget. I have never rented, so I don't want to start now. Being at the mercy of a landlord isn't comfortable for me. If something needs repair in condo, I get it fixed, instead of fighting with a landlord.
Thats my thought. Just buy it, and don't have to budget for it every month. Only CAM, which is low.. I am 77. So lets say 10 maybe 15 years, I only pay CAM, and if need be repairs. My children can decide what to do with it after I am gone. At least I won't have to live with them. lol I don't want my children taking care of me. I have watched that to many times with others. If I would have to get in house care, the second bedroom would come in handy for a nurse or care giver. I would have my lawyer check it out before I bought. To make sure there are no back bills from seller. Thank you