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Real Estate
Reply to "Why are SW DC condo/co-op HOA fees so exponentially expensive"
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[quote=Anonymous][quote=Anonymous]What is special about city life that's worth $1200 per month in wasted money down the drain? I'd get fed up, leave and move to a low cost of living state/suburb. $1200 per mo. is ridiculous. You could easily use that to help max out your retirement accounts instead. [/quote] Communities with higher fees usually have lower sales prices. I look at it from an overall payment perspective. I'm paying $2500/month total for my mortgage, co-op, and all related costs for a massive co-op unit that's way more spacious than any new construction in a top-maintained building with excellent financials and maintenance. I can walk to the metro or 3 buses in 3 minutes and SW is so easy to get to any part of the city. Yes, the monthly fee is high but where else could I live in such a prime location and get 1000 sqf. for only $2500 a month? [/quote]
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