Unfortunately, many people do not understand this type of real estate and that causes many problems.
When you buy a condominium, you are making an investment in a real estate business which will be managed by you and your many different business partners, the other unit owners. The unusual thing about this investment is that you live at the business.
Land and location are not as significant. Like any business, the performance of the operations of the business will determine the quality of the product, the residence, and ultimately the value of the investment.