We've already discussed looking for pending foreclosures around a house you are thinking of buying, and how they could cause future price drops. Competition from builders is another threat to the resale market.
How do they justify these HOA fees. Mine are under $200/mo and we have private gates, private park, community center, pool, spa, several green spaces, private trails, and community events.
I live in a development in LA County that was built between 2002 and 2004. And the homes are now selling below the original prices. Buyers are willing to pay way more but the appraisals are not allowing them to sell at what people are willing to pay because the foreclosures have pushed things down so much.
How do they justify these HOA fees. Mine are under $200/mo and we have private gates, private park, community center, pool, spa, several green spaces, private trails, and community events.
metta8888 2 years ago
I live in a development in LA County that was built between 2002 and 2004. And the homes are now selling below the original prices. Buyers are willing to pay way more but the appraisals are not allowing them to sell at what people are willing to pay because the foreclosures have pushed things down so much.
metta8888 2 years ago