1b/1b–HOA $380–Mira Mesa

[cv2]

$380 is the regular HOA fee for this complex Creekside and an additional $180/month special assessment for 5 years. This will bring the total monthly due to $560/month.

I could not access their budget and reserve study but I would not be surprised to see zero reserve and a deficit in their current spending. This complex is just badly managed. I do not have the numbers but I suspect that less than 50% are owner occupied and make it difficult to get loans.

[Coronita]

[quote=cv2]$380 is the regular HOA fee for this complex Creekside and an additional $180/month special assessment for 5 years. This will bring the total monthly due to $560/month.

I could not access their budget and reserve study but I would not be surprised to see zero reserve and a deficit in their current spending. This complex is just badly managed. I do not have the numbers but I suspect that less than 50% are owner occupied and make it difficult to get loans.[/quote]

$560/month HOA for a 1 BEDROOM/1BATH in Mira Mesa?

Wow, talk about HOA mismanagement. I think this is one fine poster child of what can go wrong with a condo purchase when the HOA is screwed.

Edit
Borrowing $67k at 5% is like $360/month. The HOA is much more the mortgage. LOL

[Coronita]

[quote=cv2]$380 is the regular HOA fee for this complex Creekside and an additional $180/month special assessment for 5 years. This will bring the total monthly due to $560/month.

I could not access their budget and reserve study but I would not be surprised to see zero reserve and a deficit in their current spending. This complex is just badly managed. I do not have the numbers but I suspect that less than 50% are owner occupied and make it difficult to get loans.[/quote]

$560/month HOA for a 1 BEDROOM/1BATH in Mira Mesa?

Wow, talk about HOA mismanagement. I think this is one fine poster child of what can go wrong with a condo purchase when the HOA is screwed.

Edit
Borrowing $67k at 5% is like $360/month. The HOA is much more the mortgage. LOL

[Coronita]

[quote=cv2]$380 is the regular HOA fee for this complex Creekside and an additional $180/month special assessment for 5 years. This will bring the total monthly due to $560/month.

I could not access their budget and reserve study but I would not be surprised to see zero reserve and a deficit in their current spending. This complex is just badly managed. I do not have the numbers but I suspect that less than 50% are owner occupied and make it difficult to get loans.[/quote]

$560/month HOA for a 1 BEDROOM/1BATH in Mira Mesa?

Wow, talk about HOA mismanagement. I think this is one fine poster child of what can go wrong with a condo purchase when the HOA is screwed.

Edit
Borrowing $67k at 5% is like $360/month. The HOA is much more the mortgage. LOL

[Coronita]

[quote=cv2]$380 is the regular HOA fee for this complex Creekside and an additional $180/month special assessment for 5 years. This will bring the total monthly due to $560/month.

I could not access their budget and reserve study but I would not be surprised to see zero reserve and a deficit in their current spending. This complex is just badly managed. I do not have the numbers but I suspect that less than 50% are owner occupied and make it difficult to get loans.[/quote]

$560/month HOA for a 1 BEDROOM/1BATH in Mira Mesa?

Wow, talk about HOA mismanagement. I think this is one fine poster child of what can go wrong with a condo purchase when the HOA is screwed.

Edit
Borrowing $67k at 5% is like $360/month. The HOA is much more the mortgage. LOL

[Coronita]

[quote=cv2]$380 is the regular HOA fee for this complex Creekside and an additional $180/month special assessment for 5 years. This will bring the total monthly due to $560/month.

I could not access their budget and reserve study but I would not be surprised to see zero reserve and a deficit in their current spending. This complex is just badly managed. I do not have the numbers but I suspect that less than 50% are owner occupied and make it difficult to get loans.[/quote]

$560/month HOA for a 1 BEDROOM/1BATH in Mira Mesa?

Wow, talk about HOA mismanagement. I think this is one fine poster child of what can go wrong with a condo purchase when the HOA is screwed.

Edit
Borrowing $67k at 5% is like $360/month. The HOA is much more the mortgage. LOL

[DWCAP]

I like the “parking: None Known” comment. My GF use to live in the area and that about sums it up perfectly.

[DWCAP]

I like the “parking: None Known” comment. My GF use to live in the area and that about sums it up perfectly.

[DWCAP]

I like the “parking: None Known” comment. My GF use to live in the area and that about sums it up perfectly.

[DWCAP]

I like the “parking: None Known” comment. My GF use to live in the area and that about sums it up perfectly.

[DWCAP]

I like the “parking: None Known” comment. My GF use to live in the area and that about sums it up perfectly.

[svelte]

What is up with the ONE photo attached to the listing?

A nice shot of a blank white wall and glimpse of a stove! If that’s the best of that condo, keep moving.

It looks like someone is in distress. Purse in the chair, car keys and cell phone thrown on the table over a myriad of paperwork and stats. It really looks like they said “That’s it, I’ve had it”, stood up, picked up their camera, walked around the table, snapped a photo, and decided to sell their POS.

[svelte]

What is up with the ONE photo attached to the listing?

A nice shot of a blank white wall and glimpse of a stove! If that’s the best of that condo, keep moving.

It looks like someone is in distress. Purse in the chair, car keys and cell phone thrown on the table over a myriad of paperwork and stats. It really looks like they said “That’s it, I’ve had it”, stood up, picked up their camera, walked around the table, snapped a photo, and decided to sell their POS.

[svelte]

What is up with the ONE photo attached to the listing?

A nice shot of a blank white wall and glimpse of a stove! If that’s the best of that condo, keep moving.

It looks like someone is in distress. Purse in the chair, car keys and cell phone thrown on the table over a myriad of paperwork and stats. It really looks like they said “That’s it, I’ve had it”, stood up, picked up their camera, walked around the table, snapped a photo, and decided to sell their POS.

[svelte]

What is up with the ONE photo attached to the listing?

A nice shot of a blank white wall and glimpse of a stove! If that’s the best of that condo, keep moving.

It looks like someone is in distress. Purse in the chair, car keys and cell phone thrown on the table over a myriad of paperwork and stats. It really looks like they said “That’s it, I’ve had it”, stood up, picked up their camera, walked around the table, snapped a photo, and decided to sell their POS.

[Author]

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