I was looking at one of these a few years ago, a decent 1BR unit for $125K. I thought that was reasonable until I learned that the condo fee was $960 per month and that the building had hit owners with special assessments for about $10K each year for the three years prior. Like, I’m supposed to pay almost $2000 a month just to live in an apartment that I already bought?
I just bought an actual 2BR house for $140K and the cost of my taxes plus homeowners insurance comes to $400 a month.
I bought the cheapest one bedroom apartment I could find, it’s not bad but now I’m in decades of debt.
I was looking at one of these a few years ago, a decent 1BR unit for $125K. I thought that was reasonable until I learned that the condo fee was $960 per month and that the building had hit owners with special assessments for about $10K each year for the three years prior. Like, I’m supposed to pay almost $2000 a month just to live in an apartment that I already bought?
I just bought an actual 2BR house for $140K and the cost of my taxes plus homeowners insurance comes to $400 a month.
I was thinking that was cheap but that must be American dollars right
Yeah, USD.
Same. My husband and I bought a small 2bdrm condo when we were 36. We will pay it off in 20 years, even though together we make 220k/year.