One of the few upsides of condo life (my maintenance fees don’t actually maintain anything useful) is the blessed lack of junk mail.
I ask these questions from a position of genuine curiosity. It boggles my mind how condos are a thing AT ALL. When I was young, condos seemed ideal. A small managable space at a non-bank breaking price without any exterior maintenance to be done. Enter the condo association and the attached condo fees. Okay, seems fair. Services aren't free and a short accumulation of regulations meant to preserve the tranquilty of the common spaces, seems fair. This is the idealized version of condos. Every anecdote I've ever heard has condo association fees that are 75+% of relevant apartment rents (60% if you consider rent on my old building is probably closer to 1400 now). My dad pays about 850 in condo fees and was just a few miles away from where I used to pay 1100 for rent (to be fair, it is probably closer to 1400 now if I had to guess). My apartment offered the same services as the condo and I guarantee you that they didn't over 75% (or even 60%) their rental income doing it. Now, you can say, oh but with a condo you're building equity. True. But the condo fees are just lost money the same way rent is and when condo fees are 75% of rent (or even 60%), the argument fades. Now, you have associations that lightly enforce a few common sense regulations, right? Wrong, you will have associations manned by the worst of humanity who love to enact punishment for its own sake. What really gets me, is if you do something they don't like but they have nothing in the letter of their law preventing you, they will just update the law and retroactively punish you. There are no grandfathering clauses or principles and the law can be rewritten when the party enforcing it doesn't get its way.
Even the steelmanned case for condos blows my mind. Let's take every advantage. Clean carpet, manicured grounds, a local fitness room, etc. Condo fees are just purely lost money outside of the service they provide, once consumed there is no portion of it that retains value, so the condo owner loses money to condo fees, interest, taxes AND insurance, whereas a renter has his taxes, insurance (for the unit, not the property contained therein) and the services of the condo fee (which are admittedly often less extensive in most cases) baked into his rent.
To me, condos are the RV's of real estate. For the same reason that I find car + motel an infinitely preferable scenario to an RV (cheaper AND better accomodations when gas and bed quality is accounted for), I find both houses and apartments superior to condos and fail to see it in any other light.
What IS the case for condos?