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Toronto Condo News
Publication date:
April 25, 2019
Article Summary: 

The blog discusses the concept of delaying gratification and how it is hard-wired at an early age. It highlights the importance of planning for the future through payment of condo fees, budgeting, and reserve funds, which conflicts with the more common mindset of retaining money to be spent today. The article emphasizes that effective condo management requires planning for the future, which involves maintaining the building, updating areas that require updating, and maintaining popular amenities. The failure to adequately plan for future expenditures can lead to lower condo fees today but can result in a devastating increase in condo fees or special assessment necessary a few years later.


Keywords: delaying gratification, hard-wired, early age, planning for the future, condo fees, budgeting, reserve funds, effective condo management, maintaining the building, updating areas, popular amenities, failure to plan, lower condo fees, special assessment, devastating increase.

Source Citation: 
Toronto Condo News
April 25, 2019
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