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Real Estate
Reply to "buying a condo with $350HOA fees"
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[quote=Anonymous]You do know a condo is a type of ownership. All different types. In upstate NY they have Condo SFHs. Sort of a gated community with separate detached homes where owner is responsible 100 percent of maint of their home. My condo from 1979 owners responsible for heat, AC, Water, Electric, replacing windows, replacing exterior doors and maintaining their own decks and patio as a limited common element. So yes common charges super cheap in condo. BTW there are a few condos in Manhattan that have negative monthly maintenance. Down in TriBeCa in a very high rent shopping district a few condos own the ground floor shops and collect rent. The surplus is paid back. I saw one with -$250 a month maint once. You get paid $250 a month. But those rare ones the cost is very sky high to buy. [/quote]
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