HappyArtichoke7729 t1_irlhm2h wrote on October 9, 2022 at 4:15 AM

HOA fees above $400 are an absolute no-go

objectimpermanence t1_irn7k1z wrote on October 9, 2022 at 3:33 PM

I think you’d be hard-pressed to find a 1 or 2 bedroom apartment in a JC building with full amenities with HOA fees under <$400.

Even if the HOA is skimping on maintenance, the staff wages add up pretty quickly.

HappyArtichoke7729 t1_irnlh6i wrote on October 9, 2022 at 5:06 PM

> with full amenities

I found your problem.

The LUXURY part. Maybe some folks just want a place to live?

pixel_of_moral_decay t1_irlsb2a wrote on October 9, 2022 at 6:17 AM

Below is a 100% no-go. A half decent real estate agent won't even show it to you without having a talk.

That just means they're deferring maintenance and savings. Normally that's because multiple board members are hoping to flip their unit in the next few years and want to keep things low to maximize their sale price. Next owners will be stuck with insane assessments to fix the neglect.

Some banks even want to know about assessments in past 5 years when you apply for a mortgage.

HappyArtichoke7729 t1_irnldnl wrote on October 9, 2022 at 5:06 PM

No, it just means that some folks want a normal place and not a LUXURY place with amenities designed solely to increase the price for the developers.