Kabachnik-Fields reaction was employed as a new method for polycondensation. For this purpose, polymers were prepared from a mixture of dialdehydes, diamines, and phosphites. Variation of different starting monomers allowed the synthesis of polymers with tunable properties. It not only allowed the variation of glass transition temperatures but also enabled the synthesis of highly functional polymers including zwitterionic polymers. Further, photodegradable polymers have been realized by utilizing a photolabile dialdehyde monomer, which renders the obtained polymers highly interesting for numerous applications.