Our only interest was in looking if there were changes in asking prices. It appears there were. I’m very interested to see how pricing shakes out on the next phase (the two leftovers I mentioned previously were from Phase V; there are five more phases to go).
But since you ask, there is Mello Roos. A peek at the property taxes of the flipper highlighted in my last post shows four separate CFD charges totalling $5,400.
I’m sure there’s also HOA fees but I don’t know what they are. So figure at least an extra $600/month in fees in addition to P&I and property taxes.
If we look at the flipper’s situation, he has a monthly nut on the place of at least $4,200 assuming he put 20% down on an I/O loan at 5.25%. He’s now approaching $16k in carrying costs thus far with the builder around the corner undercutting him.
