i can’t believe that they underfunded their account, now the current homeowners are definitely feeling it in lower sale prices…
the purchasing power on $415/month is roughly 60k…
i rather buy a home for 260k w/o hoa fees then pay 200k and $415 a month…
i see other units in sd with 700 hoa and they aren’t even downtown condos…. OUCH…
so what happens when units like these have too many foreclosures and short sales and owners don’t make their monthly dues? i am assuming the currently homeowners have to pick up the monthly losses in increase HOA fees….
