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Relationship Discussion (non-explicit)
Reply to "Husband Resenting Me"
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[quote=Anonymous][quote=Anonymous]Owning in Chicago sux. Property taxes are sky high, like $25-30k a year in a $750k property. Thus nothing appreciates much in value since they’d price out of the buyer market ($2.5k a month to govt) HOA fees are ridiculous on new urban condos. $1k a month to HoA, also depresses value of property and suppresses appreciation. Buy and sell of a pretty only makes sense if you hold it 7+ years to recoup costs and living. 6% to the realtor (to sell, and on buy frankly), 4% govt fees and taxes and titling. Makes no sense to buy an interim condo for 2-4 years. Waste of money and time. [/quote] OP here. This. The HOA fee is far less but it’s expensive. The 699k ( not 799k like I thought) condo will be about $5300/month. HOA fees are $318/month, taxes are almost $15k, then homeowners insurance, etc. We will break even once you add in utilities, etc. [/quote]
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