Home › Forums › Housing › UT weekend article on CityScape: smart bottom fisher? › I don’t recall the exact
I don’t recall the exact number of units there.
It is very confusing because the project developers included like 4 apartment buildings.
But assuming it is at least 70, that would mean an assessment of 1000 would add 70k to the complex portfolio.
Further, I don’t think that new buyers have a very high likelihood of going delinquent or being unable to pay assessments.
My point here is that sometimes these meltdowns can bring a measure of stability to broken projects.
Using the 20k number referenced above, that would mean that 1.4M would be needed to catch up on bills and then still need to pay the 240 fees.
That seems high to me.
Do some of the posters here know more than they are letting on?
Is there some piece of this I am not seeing?
