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The “Great Re-set”
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<blockquote data-quote="DriveInDriѵeOut" data-source="post: 5328887" data-attributes="member: 44954"><p>You'd just need to run the numbers on it man.</p><p>If you're looking at 300-400 in condo fees, 700-800 interest on your loan, 500-600 in insurance every year. Then add property tax on top.....</p><p></p><p>You still need to go to the board meetings and make sure you're watching what they do with your money, and they're managing the property and reserves right. Get a few bad leaders in there for a while, and they're not setting aside enough for the new roof that they know it's going to need. Then they're hitting you up with a special assessment and adding another hundred or so to your cost every month.</p><p></p><p>You sound like you just want an easy experience for a small place and I'm not sure that's the best way. Rent is actually pretty affordable compared to ownership around here.</p></blockquote><p></p>
[QUOTE="DriveInDriѵeOut, post: 5328887, member: 44954"] You'd just need to run the numbers on it man. If you're looking at 300-400 in condo fees, 700-800 interest on your loan, 500-600 in insurance every year. Then add property tax on top..... You still need to go to the board meetings and make sure you're watching what they do with your money, and they're managing the property and reserves right. Get a few bad leaders in there for a while, and they're not setting aside enough for the new roof that they know it's going to need. Then they're hitting you up with a special assessment and adding another hundred or so to your cost every month. You sound like you just want an easy experience for a small place and I'm not sure that's the best way. Rent is actually pretty affordable compared to ownership around here. [/QUOTE]
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