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Real Estate
Reply to "Did National Harbor real estate flop?"
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[quote=Anonymous]Also new typically has a premium and without appreciation dwellings can depreciate as they age. Add on increasing HOA fees which is a problem with most communities it affects the price ceiling. If you can afford 3k a month that could be 2400 mortgage and 600$ HOA. If the HOA goes to 800$ and the quality of buyer interested doesn’t change, that means a 2200$ mortgage which will affect the price ceiling and sales price. Most condo appreciation is eaten up by the HOAs. Unless the area become more desirable or money inflates prices often barely move. [/quote]
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