Dear PoP – How Important is a Condo Association?

Photo by PoPville flickr user Mr. T in DC

“Dear PoP,

I want to buy a condo in DC but they seller’s agent says the condo association is defunct. What kind of issues will I have with that? It is the only one I can afford and I don’t mind taking a small risk but is it worth it?”

For those who live in condos – how important is the condo association? What exactly do they do? Would a dysfunctional/defunct one deter you from purchasing?

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