Sdr sounds like you get alot for your 100/month and in your situation I agree but 600/month for no pool, no gate, and the trails are open to anyone? I think that’s harder to swallow and I think it will discourage would be buyers in the future when it’s not shiny an
[quote=sdrealtor]As someone living in a community with a large and amazing HOA this couldnt be more wrong. My HOA adds tons of value to my and many neighbors lives.[/quote]
Sdr sounds like you get a lot for your 100/month and in your situation I agree but 600/month for no pool, no gate, and the trails are open to anyone? I think that’s harder to swallow and I think it will discourage would be buyers in the future when it’s not shiny and new.
[quote=sdrealtor] I still beleive supply will stay modest with folks locked in because of low real estate taxes they cant move (under 55 years old), potential massive capital gain tax bills and fixed rate mortgages under 3%. I fit into 2 of those in a big way.
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What’s the percentage of homes bought by corporations? I’ve read it’s up to a third in some cities. Wondering if anyone knows the percentages in SD?
I should clarify my original question. I agree they will probably sell but my question is about future resale when it’s no longer brand new construction. How would such an exorbitant hoa fee affect future resale say 10 years from now? Especially when you don’t really get much for that fee.
I think I know what sdr and deadzone will say but I’m curious about your thoughts Rich. Do you think we are in a bubble and do you see it deflating soon? Thanks
Hello sdr. Thank you for this weekly info. Curious about your comment last week that Spring could be crazy again. Why do you think so? Hasn’t frenzy peaked already?
