/biz/ - Business & Finance

[Anonymous No.54148198]

Can somebody explain condo fees to me? You have to pay 500-1000+ per month for a place you already own on top of your mortgage? Why the fuck would anybody agree to this?

[Anonymous No.54148247]

>>54148198
the workers of those buildings have wages that your monthly hoa pays for. like parking... reception... landlords etc.

[Anonymous No.54148252]

>>54148198
Filters poors.

[Anonymous No.54148279]

>>54148198
There's no such thing as flat ownership. You're just renting long term bro of course they give you discount for that.

[Anonymous No.54148286]

>>54148198
dumbest fucking post on this board by far

[Anonymous No.54148295]

Common insurance, doorman, landscaping, amenities such as pool and gym, etc. If you don't like it then go to a building without amenities or a doorman and the costs will be much cheaper.

[Anonymous No.54148303]

>>54148247
but then why wouldn't I just buy a house where I get more room and not have to pay monthly fees that cost as much as apartment rent?

[Anonymous No.54148314]

Is it really 500+ dollars a month?

[Anonymous No.54148336]

>>54148303
no one is putting a gun to your head and telling you to buy a luxury condominium

[Anonymous No.54148361]

>>54148198
maintenance for one.
Maintaining a house ain't no joke, a roof can cost you $30K one year, HVAC goes out the next, that'll be another $10K, etc. on and on.

A well run HOA is collecting money to put into reserves to pay for big maintenance projects, effectively sharing the financial risks with your neighbors and the aim of avoiding a special assessment.

I was the treasurer on a high-rise HOA at my last place. I think it's more of a wash than people really realize vs. owning a house with no 'fees'. Owning has expenses, and you will wind up paying them in one form or another at some point.

[Anonymous No.54148394]

>>54148336
I just assumed condos were a cheaper alternative to houses but they cost just as much, have fees on top, 75% less room, and you still pay property taxes. I can't believe people buy these.

[Anonymous No.54148397]

>>54148198

I agree. It's a scam for people that can't do math. Plenty of places in my city that are trying to grab people that 'want to own a home' for some shitty condo because it's cheaper than a standalone home, but then there's a 400-600+ condo fee, and don't forget special assessments, and even more insane HOA requirements. I think MAYBE they were a good deal at some point, but because no one ever wants to pay into common funds most of the ones that have been around a while are way behind on maintenance and are hoping to get new suckers to pay in 1K/mo to fix everything for all the people that paid 50K for theirs 30 years ago

[Anonymous No.54148414]

>>54148361
HOA boards are old boomers on a power trip that bitch and moan that you change the oil in your driveway and tell you that you can't have chickens in your backyard. They don't cover any home maintenance for detached homes, HOAs are scams for suburbs.

[Anonymous No.54148456]

>>54148198
cucks love the hustle and bustle of the big city.
Imagine living near tress and nature, HOW WOULD YOU DOORDASH?

[Anonymous No.54148495]

>>54148456
This but unironically

[Anonymous No.54148497]

>>54148414
>boomers are...LE BAD!
I your hair pink/green?
Do you own a tshirt with Che Guevara?
If the answer to either question is yes, please do consider kys troon.

[Anonymous No.54148519]

>>54148394
>>54148198
Condo fees cover the maintenance of lifts, overall structure repairs, maintenance, exterior painting and common area's. Plus the building manager that has to yell at the pajeets to stop cooking stinky curries.

For the fees, it depends on the building and place, some do work out cheaper long term as for houses you also need to pay rates to the city you're in, plus ongoing taxes. You deal with the maintenance costs on a house directly (i.e. pay for repaints, fence repairs) and have to manage the contractor engagement yourself.

There will always be someone with their hand out waiting for you to give them money no matter what you do. The only alternative is settling somewhere uninhabited and living off the grid. If you can get set up well enough it's viable to do so with crypto, you generally need some sort of town/banking access to interact with normal society still (logistics, medical + items you cant manufacture yourself).

[Anonymous No.54148563]

>>54148497
I remember when morons like you acted like every gay was a commie, now every trans is a commie. History repeats itself

[Anonymous No.54148572]

>>54148497
Not a commie you faggot boomer.

[Anonymous No.54148590]

>>54148414
Have fun changing your oil and maintaining chickens in your condo retard.

[Anonymous No.54148636]

>>54148590
Never buying a condo, I don't give a fuck what condo cucks can or can't do. The trend of every rural/suburb detached house coming with an HOA is a scam.

[Anonymous No.54148685]

>>54148198
now imagine instead of paying condo fees for all of this: >>54148295
you pay property taxes for...... nothing..
>but muh school system

[Anonymous No.54148696]

>>54148198
Stay poor faggot

[Anonymous No.54148713]

>>54148696
did you canoe all the way from Gary to take that pic?

[Anonymous No.54148721]

>>54148414
This guy actually doesn’t change his oil in the driveway lol go back to your chicken coop Nancy boy

[Anonymous No.54148754]

>>54148713
I canoed through your mom’s dick bitch

[Anonymous No.54148756]

>>54148754
sounds gay

[Anonymous No.54148763]

>>54148252
Like HOAs filters browns. Even open neighborhoods act like gated communities now for a price.

[Anonymous No.54148782]

>>54148198
Mow your yard every week and replace your roof and get back to me on how much cheaper hone ownership is.

[Anonymous No.54148812]

i don't need to think or know about mortgages and how all that works because i'm under the age of 40 and will therefore never own a house or condo or whatever anyways. what would i even need a house for? it's not like millennial women are capable of settling down to raise children so won't be having any of those.

housing is for civilizations that are still living and not on their way out like ours is

[Anonymous No.54148877]

>>54148782
it's futile, these midwits think landlords don't have expenses either.

>>54148812
based doomer. forget housing, seek Christ.

[Anonymous No.54149181]

>>54148394
over the long term they cost more, even

>>54148696
womp womp

[Anonymous No.54149208]

>>54148782
replacing the roof is like once every 30 years

[Anonymous No.54149221]

>>54148696
>living in a city, not even in a suburb

[Anonymous No.54149242]

>>54149221
Worse he's living in Chicago.

[Anonymous No.54149409]

>>54149242
no he lives in Naperville, and thinks this iconic apartment building is rich. it's not. It is interesting, and i don't hate the design. but it's one step up from broke college student.

[Anonymous No.54149680]

>>54148198
In some areas single family homes aren't affordable, and it's still cheaper than renting

[Anonymous No.54149763]

>>54148303
Because if you're in NYC, then condos are your only option.
OR if you're a poorfag like me and live in Cali, a more expensive HoA monthly mean means a cheaper buyin price. My condo hoa has actually been pretty good. Things they've taken care of.
> Repaired water main break twice in back patio requiring removal or cement and relaying it
> Replaced hot water heater
> Paid to fix roof
> Repainted building
> Pool gets cleaned regularly
> everything gets gardened.
It's a toss up but works out as a starter "home". It's a 3 bed 2 bath with a bonus room at 1300 square feet. Not great not terrible either. Mortgage and how fee works out less than rent at 2500 a month.
When we finally leave we'll have enough money for a real house with no hoa thanks to this stupid states crazy housing inflation assuming it all doesn't go to shit.

[Anonymous No.54149804]

>>54148303
Amenities that they maintain for you.

[Anonymous No.54149810]

>>54148563
They are all still fucking commies what are you smoking?

[Anonymous No.54150424]

>>54148685
The Jews and Masons are counting on us, anon

[Anonymous No.54150437]

>>54148198
Get you roof redone once and you'll realize condo fees aren't that bad lmao. Homeowner chads know what I'm talking about

[Anonymous No.54150526]

>>54150437
Here in the desert we just pour more elastomeric on it ;)

[Anonymous No.54150557]

>>54150526
Ah I'm a forest lodge kinda guy

[Anonymous No.54151049]

>>54148303
Don't you just love the hustle and bustle of the big city?

[Anonymous No.54151060]

>>54148198
it's a great opportunity for jewish neighbors to make your life a living hell

[Anonymous No.54151070]

>>54148198
jews

[Anonymous No.54151086]

>>54148295
>doorman
Do americans really? You're just paying some fag to be a wallmart greeter all day and maybe give you your mail?

[Anonymous No.54151088]

>>54148198
Depends on the building. In NYC, my co-op monthly maintenance fees pay for the Superintendent, landscaping the property and general upkeep like fixing a problem with an elevator. My maintenance also covers water, gas & electric so it's a pretty good deal I don't have separate bills for that.

[Anonymous No.54151094]

>>54151086
They also take care of deliveries. If you get a shipment from say Amazon the doorman makes sure it's stored safely so nobody just walks by and steals it.