Quote:
Originally Posted by Run Silent
A month? A freaking month?
I only have 1 home with an HOA. It is a lovely community.
The HOA fees are $250. Per year.
I cannot fathom spending over $4,200 in HOA expenses each year. That is just mind blowing. All that money gone, down the toilet. Hmm...wonder how much that compounds to....I am 42. Gonna retire at 65. Assuming a reasonable RoR based on an S&P500 index fund of 7.9%
$296,489.34
The HOA is taking nearly a third of a million dollars from you over the course of 23 years.
Uh...that's a no for me, dog.
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Its a condo, what are your typical bills at your house?? The HOA are covers all of mine except my electric bill. There's a pool here, elevator, porter who mows/gardens/etc daily and capital improvements (eg 100k+ this year spent on roofing/gutters/stucco damage). It's expensive but ultimately not much different when comparing the expenses involved in owning a home if I was paying for all of those services separately
