Hmmm. Pretty strong opinions : ) Actually, I do feel the HOA’s will get higher and make it very hard to re-sell should I want to. They are already 33% of my total monthly payment, should I buy!
I didn’t mention (I did on another thread) that I would be coming in under an
affordable program, and so the cost of ownership to me is much more reasonable, BUT even so, I do have many, many reservations. I”m holding out on deciding until I can go to a workshop the city puts on for affordable program homebuyers. I want to know the whole picture, which I suspect won’t look much better.
I’m very lucky that under the terms of this program, I don’t have to decide until 3 days after the workshop–with no loss of escrow. So I have time to explore, question, compare and then decide. Doesn’t look good–I agree with you and the other bloggers on this site. If I want a nicer place, I can save a lot by just fixing up my (VERY old) apartment…
Thanks again for taking the time to respond. I’m listening.
