Wow, I’m impressed, how do you just pull up a relevant article from 2002? And no, I’m not being sarcastic.
I was lucky enough to have purchased a 1br unit in this complex in 1998 for $58K. So yes, a 100% increase in 4 years would certainly signal a bubble. But to then double again in the next 4 years is just insane.
A 1br unit now rent for apprx. $1000 per month, so taking into consideration the $200 per month HOA fee, a reasonable price for one of these units would be around 120K
