Just my humble opinion. You subject yourself to all the hazards of apartment living and then get to pat ridiculous amounts for them to take care of the common areas. I had an aunt that owned a condo. When she passed away, we put it on the market and it did not sell for even what she paid for it 20 years ago. Her condo fees were s much as her payment.
All of which would depend on the time the unit was bought, the price paid and date the unit was sold.
Making such a statement as "Only an idiot would live in a condo in the first place." is just foolish. Condominiums are the perfect solution for tens of millions of people who are certainly not idiots.
You OPINION was that the association fees were a ridiculous amount. But were they? If properly set up, homeowner fees pay for a lot. Maintenance of the common areas which includes, daily and weekly maintenance, reserves for replacement of the roofs, HVAC, water heaters, painting and or cleaning of the exterior, repaving, and re-striping of the driveway and parking lot.maint. Lawn care, maintenance of elevators, many units provide basic cable, now many wi-fi. pick-up and disposal of all solid waste, not least of all, management of the association, office space and utilities for that space. Pool maintenance, recreation room, some have weight and exercise rooms, the list goes on. They are perfect for people who have a busy life and part of what they want to do does not include mowing the yard but rather a weekend in Vail or the Bahama's and not have to worry about their home. Just lock the door and leave.
My aunt, coincidentally, owned a large condominium in Chicago. It was a beautiful property and a spacious condominium. From when she bought the unit, a childhood girlfriend bought in the same complex but a different building. My cousin and I, the only heirs, sold it in about 2 months for more than double what she paid. Her's was bought about 20 years ago as well and we sold i 2014.
Unrelated, the famous Watergate complex is a condominium. Amusingly, Monica Lewinski's mother owned a unit in which Monica lived.