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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]once i milk dc for free preK I'm going to buy one of the houses up in this Pleasantville ass development

hopefully prices in half a dozen years don't make me regret not buying more[/quote]

In six years, everyone who bought into this development will be terribly underwater. Only in this manic market would people buy SFHs at $2.2 million or more, with an insane HOA fee on top, in the middle of nothing with a terrible commute to the jobs that they'll have to go in everyday to.[/quote]

What are they HOA fees?  It is kind of nice that they have a pool on site.  I wonder if the pool will solely be recreational or will have some of the benefits that a pool club might have- summer swim team, etc.  I noticed in this area it is common to join a pool club but will this pool replace that need?[/quote]

Someone on this board reported $400/month. Just remember that is the teaser amount that the builder is using to lure people in. [/quote]

For any HOA/Condo, in the documents, the developer has to show a budget estimate, usually 10 years as to why the HOA fees are being estimated that way.

HOA's don't have the same expenses as a condo (elevators, roofs, concierge, janitorial staffs etc) so the fees will usually be much lower unless the HOA is including landscaping of each house or their is a gate with a security person. The operating expenses for the HOA are landscaping for common areas, trash, snow removal, clubhouse maintenance, reserves and possibly a site manager/management company to process payments and provide resale packages. You also need an accountant to do an audit yearly and a reserve study every 5 years. The budget will tell you what expenses are needed for the Association. As with any purchase read your documents so you know what  you are getting into.[/quote]

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