Many condos in the ATL area don't appreciate in value and most end up being rented. The problem arises when only a certain percentage can be rented in a complex and sometimes you can neither sell nor rent.
Personally I'd wait - there are a lot of people who jumped on the "home ownership" bandwagon and picked condos with ARMs. Those folks are going to be hurting once the interest rates go up and you can probably pick one (or two) up pretty cheap at that point.
I don't like condos because I don't like neighbors
For most association fees you can buy a house and hire a gardner and get a handyman to fix what needs fixing.