HOA fees are not generally understood. You have to collect money today for future repairs tomorrow. Therefore you are building a reserve. The problem in this environmnet is that if you don’t sell out the units quicky enough the HOA Reserve is being underfunded and could produce problems down the line. If you are single and on a 5 year plan this may not be important. By this I mean you have a new unit that yu are not going to have to worry about. Additinally while the area is notthe greatest it is not the worst either. You are close to the beaches and downtown. You ae not that far to Sorrento Valley. The 5 Free way is right there. You do not have to think about schools for kids. And if you decide to hod on to this unit s a long term buy it might make a great rental for a young family down the line who like you might not care so much about the school system.
