11/05/2026
Would you rather buy a $750,000 condo or a $900,000 house in Los Angeles?
Before you answer, consider this.
What if the condo has a $1,200 monthly HOA fee?
That’s $14,400 a year just in HOA dues.
Now, those fees may cover amenities, building insurance, and maintenance, so they’re not necessarily wasted money.
But when you factor in the mortgage, property taxes, insurance, and HOA fees, that less expensive condo could actually cost more per month than the house.
And then there’s the possibility of special assessments, which can add thousands of dollars in unexpected expenses.
Of course, a house comes with its own costs, including repairs, landscaping, and ongoing maintenance.
So which is the better investment?
It really depends on the property, the numbers, and your lifestyle.
The bottom line: Don’t compare purchase prices alone. Compare the total cost of ownership.