Couple items to consider about future prices. The NOD are double this year what they were last year. There are several new buildings with a lot of unsold units, including: Electra, Aperture, The Mark, Alta, Smart Corner, Icon, Park Terrace, and Aria. There are several large buildings under constructions including Vantage Point, Bayside, and Sapphire Tower. I cannot construe this as anything other than falling prices for a long time.
I would welcome high HOAs not fear them. First HOA includes insurance, water, hot water, sewer, gas, trash, and landscaping. How much does that cost at a single family home ($300/month at least). HOA also includes pool, maintenance, window cleaning, carpet cleaning, painting, elevators, security guards/doormen. On other words the HOA exisits due to the lifestyle not greed or mismanagement. Second buildings with high HOAs tend to scare away people who would rent and have onsite management. This should be very important to you.
Trust me say when I was in one of the lower HOA building downtown and the whole time I said to myself I would pay $100+ per month to have a better living experience.
