Especially condo and apartments, much higher than London Berlin, what drives the price? Cities in other countries are managed even better without hoa
Because there's no realistic way to opt out. The property is permanently included unless all members vote to quit, so it's a captive audience.
Thank you Biden
What the fuck does Biden have to do with HOA fees that have ALWAYS been notoriously high. Are yall ok?
Biden's horrible economic policies caused major runaway inflation that helped raise high HOA fees even higher!
A lot of it has to do with poor quality construction that keeps needing to be redone. That in turn causes insurance rates to rise. Drywall and wood is unusually susceptible to water damage as well. Will be interesting to see if stone or concrete dwellings start coming back due to climate change effects causing heavy water losses.
Acceptance is easy to come by when you're riding on NVDA stock
Bay Area is not the US. I pay $45/month HOA for a 3000sf 4Br 2.5 bath home on a .25 land 7 minutes from 2 $4 billion Apple campuses in Austin.
Based
HOA fees are usually low Condo monthly Common charges are high Coop monthly maintenance charges are highest. Which are you taking about?
HOA can be even higher in California, due to California Balcony Laws SB-721 and SB-326
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Don’t get me started on property taxes