I have always been amazed at the high HOA fees. HOA fees in Vancouver BC where Bosa and Intergulf (Treo, La Vita) operate has much lower fees.
That said like everything else California is more expensive and I also think the earthquake insurance is around $100 a month. I don’t think Vancouver is subject to earthquakes to the degree we are so that also accounts for the difference. I also think electricity is much cheaper in BC which also adds up.
I do think that luxury housing is just fine as you do create a move up effect, the best way to end up with affordable housing is for buildigns like Treo and La Vita which are already mid-market to be totally outclassed along with reduced views. Again I totally support the concept of affordable housing via letting the market put as much product in whatever mix people want to build.
