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  • March 24, 2008 at 11:05 AM #12231
    djrobsd
    Participant

    http://www.sdlookup.com/MLS-086005745-3812_Park_Blvd_401_San_Diego_CA_92103

    Many of the sellers in this building have been waiting for offers to come in and nothing is happening, in fact the last unit to close was in October of last year.

    Even with this reduction, this unit has not seen an offer. It will probably be REO soon, especially since the owner is also in default on their property taxes. According to SDLookup, there is one other unit in the complex that is also a short sale, and at least 2 others that do not say short sale, but after closing costs the sellers will have to bring $ to the table.

    Is the $440+ in HOA dues in this building just too much to swallow for most home buyers? Or perhaps, the fact that it’s only a 1 bedroom, people aren’t willing to pay $400k or even $350k for a 1 bedroom unit, no matter how big it is.

    Who knows, but it will be interesting to watch and see what happens to this unit… And if anyone buys it, you’ll be my neighbor. 😉 I’m a happy renter in the Egyptian!

    March 24, 2008 at 11:08 AM #175405
    djrobsd
    Participant

    Oh, by the way, I forgot to mention for $440 HOA there is no pool, hot tub, workout room, or any other amenities, that’s just the cost to insure the building, heat the water, keep the lights in the hallway on, and pay the janitors and maintenance staff to keep everything clean and running efficiently. HOA’s are certainly a racket, and the only winners are the property management companies who run them.

    March 24, 2008 at 11:08 AM #175856
    djrobsd
    Participant

    Oh, by the way, I forgot to mention for $440 HOA there is no pool, hot tub, workout room, or any other amenities, that’s just the cost to insure the building, heat the water, keep the lights in the hallway on, and pay the janitors and maintenance staff to keep everything clean and running efficiently. HOA’s are certainly a racket, and the only winners are the property management companies who run them.

    March 24, 2008 at 11:08 AM #175756
    djrobsd
    Participant

    Oh, by the way, I forgot to mention for $440 HOA there is no pool, hot tub, workout room, or any other amenities, that’s just the cost to insure the building, heat the water, keep the lights in the hallway on, and pay the janitors and maintenance staff to keep everything clean and running efficiently. HOA’s are certainly a racket, and the only winners are the property management companies who run them.

    March 24, 2008 at 11:08 AM #175762
    djrobsd
    Participant

    Oh, by the way, I forgot to mention for $440 HOA there is no pool, hot tub, workout room, or any other amenities, that’s just the cost to insure the building, heat the water, keep the lights in the hallway on, and pay the janitors and maintenance staff to keep everything clean and running efficiently. HOA’s are certainly a racket, and the only winners are the property management companies who run them.

    March 24, 2008 at 11:08 AM #175764
    djrobsd
    Participant

    Oh, by the way, I forgot to mention for $440 HOA there is no pool, hot tub, workout room, or any other amenities, that’s just the cost to insure the building, heat the water, keep the lights in the hallway on, and pay the janitors and maintenance staff to keep everything clean and running efficiently. HOA’s are certainly a racket, and the only winners are the property management companies who run them.

    March 24, 2008 at 11:14 AM #175410
    barnaby33
    Participant

    Its got a lot going against it. Its on a busy street corner, lots of noise. It was built and sold at the height of the boom in 04. Its ugly, and the corridors are fairly dimly lit. The Cairo next door seems like a better building, though I have not been inside any of those units.

    Do you rent a 1 or 2 bdrm, what do you pay?

    Josh

    March 24, 2008 at 11:14 AM #175861
    barnaby33
    Participant

    Its got a lot going against it. Its on a busy street corner, lots of noise. It was built and sold at the height of the boom in 04. Its ugly, and the corridors are fairly dimly lit. The Cairo next door seems like a better building, though I have not been inside any of those units.

    Do you rent a 1 or 2 bdrm, what do you pay?

    Josh

    March 24, 2008 at 11:14 AM #175761
    barnaby33
    Participant

    Its got a lot going against it. Its on a busy street corner, lots of noise. It was built and sold at the height of the boom in 04. Its ugly, and the corridors are fairly dimly lit. The Cairo next door seems like a better building, though I have not been inside any of those units.

    Do you rent a 1 or 2 bdrm, what do you pay?

    Josh

    March 24, 2008 at 11:14 AM #175767
    barnaby33
    Participant

    Its got a lot going against it. Its on a busy street corner, lots of noise. It was built and sold at the height of the boom in 04. Its ugly, and the corridors are fairly dimly lit. The Cairo next door seems like a better building, though I have not been inside any of those units.

    Do you rent a 1 or 2 bdrm, what do you pay?

    Josh

    March 24, 2008 at 11:14 AM #175770
    barnaby33
    Participant

    Its got a lot going against it. Its on a busy street corner, lots of noise. It was built and sold at the height of the boom in 04. Its ugly, and the corridors are fairly dimly lit. The Cairo next door seems like a better building, though I have not been inside any of those units.

    Do you rent a 1 or 2 bdrm, what do you pay?

    Josh

    March 24, 2008 at 11:25 AM #175786
    Ex-SD
    Participant

    You confused the HOA fee with the PPSF.
    The HOA fee is $351 (still too high IMHO)
    The PPSF is $444 which is ridiculous.

    Wonder why these units haven’t been selling? Duhhhh!

    March 24, 2008 at 11:25 AM #175875
    Ex-SD
    Participant

    You confused the HOA fee with the PPSF.
    The HOA fee is $351 (still too high IMHO)
    The PPSF is $444 which is ridiculous.

    Wonder why these units haven’t been selling? Duhhhh!

    March 24, 2008 at 11:25 AM #175782
    Ex-SD
    Participant

    You confused the HOA fee with the PPSF.
    The HOA fee is $351 (still too high IMHO)
    The PPSF is $444 which is ridiculous.

    Wonder why these units haven’t been selling? Duhhhh!

    March 24, 2008 at 11:25 AM #175775
    Ex-SD
    Participant

    You confused the HOA fee with the PPSF.
    The HOA fee is $351 (still too high IMHO)
    The PPSF is $444 which is ridiculous.

    Wonder why these units haven’t been selling? Duhhhh!

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