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Are CONDOS Boomer flame? Heard they can sometimes be nightmare for owner
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Date: April 22nd, 2018 8:16 AM Author: slate wrinkle cuck (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893032) |
Date: April 22nd, 2018 8:18 AM Author: Elite Abnormal Institution Newt HOA fees make them completely toxic (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893036) |
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Date: April 22nd, 2018 8:31 AM Author: slate wrinkle cuck examples? (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893052) |
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Date: April 22nd, 2018 8:45 AM Author: wild racy fat ankles If the HOA decides the building needs a new roof, you have to pony up in cash. (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893073) |
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Date: April 22nd, 2018 9:00 AM Author: Elite Abnormal Institution Newt $1/sqft per month (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893097) |
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Date: April 22nd, 2018 8:19 AM Author: Drunken Psychic Giraffe A modern one with low HOA isn’t a bad option. Better than being responsible for every last issue with a house. (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893040) |
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Date: April 22nd, 2018 8:19 AM Author: Elite Abnormal Institution Newt Low HOA seems like internet myth. (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893041) |
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Date: April 22nd, 2018 8:50 AM Author: Drunken Psychic Giraffe HOA in a modern building generally reflects the true costs of operation- trash removal, electric, doorman and pool if those exist. It’s when you are dealing with a 1982 built condo with $800 HOA for a 1br that it’s unclear where that cash is going. (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893081) |
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Date: April 22nd, 2018 9:11 AM Author: Elite Abnormal Institution Newt A homeowner at Veer Towers, for example, would pay $498 per month in HOA dues on a 500-square-foot studio, in exchange for the use of a rooftop infinity pool, free valet parking, a full-time concierge and a gym and media room. https://www.reviewjournal.com/homes/resale-news/dont-forget-hoa-fees-when-budgeting-for-a-high-rise/ |
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Date: April 22nd, 2018 8:30 AM Author: mischievous zippy round eye kitty condos/townhomes outside of a city are complete and utter flame. (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893050) |
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Date: April 22nd, 2018 8:35 AM Author: thriller address There's the whole being forced to sell thing that comes up every now and then. (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893058) |
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Date: April 22nd, 2018 8:36 AM Author: slate wrinkle cuck never heard of this actually (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893060) |
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Date: April 22nd, 2018 8:38 AM Author: thriller address https://independentamericancommunities.com/2017/06/01/condo-owners-forced-to-sell-in-a-deconversion-like-it-or-not/comment-page-1/
Although the real estate market has improved in some parts of the country, condo sales in some markets have lagged behind. In Chicago, news outlets are reporting the hottest new trend, condo deconversions – the bulk sale of condo units by their individual owners to a real estate investor who intends to either convert the units to rental apartments or demolish the building and develop the new site from the ground up.
Investors have taken advantage of distressed condominium projects, acquired units at low prices in foreclosures or short sales, and then, by vitrue of holding a majority or supermajority of voting interests, have taken over their condo boards. The next step was to initiate a condominium termination agreement, and, because the investor held a controlling voting interest in the association, minority owners have usually been unable to block a termination attempt. If the investor’s first attempt was not successful, the second attempt often was.
Unfortunately, many unit owners were under water on their mortgages, and were only offered a fraction of what they had paid for their condos during the boom years when prices were high. They were nonetheless forced to sell their units, despite considerable financial loss. |
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Date: April 22nd, 2018 8:48 AM Author: Drunken Psychic Giraffe This only happens in horribly shitty buildings (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893076) |
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Date: April 22nd, 2018 8:53 AM Author: thriller address There's still things like special assessments and whatnot. Just those various things to remind you that you don't have full control over this property you "own." (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893088) |
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Date: April 22nd, 2018 9:30 AM Author: buck-toothed parlour new version They always say housing is the whip and land is the tail - I think that Condos are closer to the tail - this is to say that these assets are volitlie and come with different attributes than a house (http://www.autoadmit.com/thread.php?thread_id=3956386&forum_id=2#35893145) |