The Clark Howard Podcast 01.19.26 The Condo Market Now / Moving Abroad
11 snips
Jan 19, 2026 The condo market is facing significant challenges, especially in coastal areas, creating risks and opportunities for potential buyers. Insurance costs and maintenance issues are crucial factors to consider. Meanwhile, a growing number of Americans are relocating overseas to reduce expenses and explore new lifestyles. Clark shares his valuable 'test drive' approach for those contemplating an international move, addressing essential factors like healthcare and taxes before making the leap.
AI Snips
Chapters
Transcript
Episode notes
Condo Market Moves Differently
- Condo values move more violently than single-family homes because you buy the building as well as the unit.
- Current condo weakness creates buying opportunity but requires understanding total costs like fees, taxes, and insurance.
Deferred Maintenance Heightens Risk
- Deferred maintenance and rising condo association fees amplify condo market volatility.
- Insurance market signals risk and building standards can materially change insurability and pricing.
Add Fees To The Purchase Price
- When considering a condo purchase, add condo fees, taxes, and building insurance to the purchase price to evaluate true cost.
- Only buy if the combined cost still makes the deal attractive given market weakness.