MIL passed away, stuck with $8000 monthly HOA from the nursing home Hi, Sorry if my wording confused you. It is an assisted living community in the Bay Area where my MIL owns a condo that comes with the monthly HOA of $8,000. My mother in law passed away unexpectedly right before she was about to move into her nursing home. The remodeling was half way done. Now an HOA of $8000 is due monthly and the nursing home…

How can you appeal an HOA Increase? My HOA wants to increase by 94% Hi all. Typing this while in tears because I feel my heart shrinking. At the beginning of the year I used all my savings and purchased a 1/1 704sqft condo in the area of Altamonte Springs, FL (Near Orlando). These condos are located in buildings of 2 and 3 stories, built approximately in 1986. I moved in March 2023. I pay $1200 on the mortgage a…

Purchased a house with an HOA 5 years ago, I hate the HOA and it’s now worth 2.5x the purchase price. Should I sell and buy somewhere cheaper or invest in something else? Hi I don’t know anything about investing, I have a Roth IRA and my house, which is in a hot market where prices have skyrocketed over the last two years. I don’t like having an HOA and don’t need to live anywhere in particular so the only drawback to selling my house is that if I wanted to move back to this area at some point, I would have to pa…

Look for These Red Flags in Any HOA Contract Having a homeowner’s association (HOA) for your neighborhood or condo building brings some advantages, such as regular community maintenance and improvement. However, HOA rules can also be extremely restrictive, and while some are optional to join, others are required if you want to purchase property in the area.… Read more…

Do condos & townhouses make sense as starter homes when the HOA fees are ridiculous? In my area 2 bedroom condos in ok areas start at around $400k but then HOA fees are anywhere from $600-$2500/ month (high end obviously gets you some amenities and low end might get you an elevator and in-unit laundry). 2 bedroom townhouses start at around mid $500k and have HOA fees anywhere from $400 – $700. Then you can get really shitty SFH…