Downtown is definitely a lifestyle destination. The HOA normally include, water, gas, trash, security, gym and pool if the building has it. No cable or electricity. It’s true, if you own at the Grande you can easily expect $1200-$1300/mo in HOA and property taxes before you touch the mortgage.

You can rent 2bd for $3000/mo. That means that the landlord only gets $1800 for debt servicing. A big loss on his part.

Living at a property like the Grande, you should expect to have a “lifestyle” budget over and above what a normal family would spend. The reception anounces any visitor. It’s built so that you feel like you’re always living in a resort. They also have rental suites for you to rent for your guests.

Housing marketing is very lifestyle based these days. But we know that there is no such reality. I can picture the housewives spending all they free time cleaning (or not) their 3000sf ++ Mc Mansions. So much for relaxing with a margarita by the pool and enjoying the sunset views!