[quote=cv2]$380 is the regular HOA fee for this complex Creekside and an additional $180/month special assessment for 5 years. This will bring the total monthly due to $560/month.

I could not access their budget and reserve study but I would not be surprised to see zero reserve and a deficit in their current spending. This complex is just badly managed. I do not have the numbers but I suspect that less than 50% are owner occupied and make it difficult to get loans.[/quote]

$560/month HOA for a 1 BEDROOM/1BATH in Mira Mesa?

Wow, talk about HOA mismanagement. I think this is one fine poster child of what can go wrong with a condo purchase when the HOA is screwed.

Edit
Borrowing $67k at 5% is like $360/month. The HOA is much more the mortgage. LOL