Is buying fancy condos with high HOA(>$1k) worth it?

like
Posting as :
works at
You are currently posting as works at

No

like

Depends on what’s included. If that includes all expenses (water, electric, maintenance, trash, etc) and other services that you may pay separately out of pocket for like a gym and pool—maybe. The biggest drawback is that there is no ROI for those payments. It actually drives down the value of your place depending on how high they are.

like

What exactly does it include? I'm inclined to say no...but...if it's a lot of stuff, then go for it

It would depend on your location and your lifestyle. Personally, I don't think so. But some of my friends like it because it takes care of all the maintenance they would have to do if they owned a house.

Related Posts

What’s the average annual salary for a General Counsel at a $250-$300M construction company in Boston?

like

Any good and simple investing/financial Managment podcast? Looking to get more serious about my finance and don’t want to be overloaded with info

Anyone in big four accounting willing to give a referral?

like

Hi All, How long does the final offer take to come along after the last discussion. It has been 3 weeks since my last and final round for adidas. The wait is killing me. The application stills shows in process on the careers site.

What do you think about a first year Manager making around $115k-125k? MCOL

like

I just signed an offer letter yesterday and today some guy called me about joining his project. Is that normal?

funnylike

Hi all,

I joined TCS as assistant consultant C3A grade but my current CTC which TCS is giving is 12LPA. So, please guide me weather I am under pay or not for the above role. I am working on python django projects

like

been wearing odd socks to work all week. feels secretly rebellious 😝

likefunny

Hi! This is a question directed to my Canadian tech folks... How do I get a job in the US? I'm currently a Canadian citizen and I keep seeing a lot of opportunities in the US, but some of the opportunities I see say that they will not be offering visas... So if anyone has any advice on how to go about doing this, it would be greatly appreciated! The pay I'm currently getting is not good for the amount of work I'm doing...

like

Anyone joining Walmart in January-2023 ?

like

Any on-site opportunities??

like

Dating myself with this reference. 😂

Post Photo
funnylike

Polar distracting me from grad school econ reading tonight.

Post Photo
like

I’m losing my mind at a job that’s a dead end. Who’s got a great lead for an ACD Design NYC/NJ? I’d love to help someone get a referral bonus! :)

like

Hi All,
I have gone through hcl interview, my profile has been created in hcl ionboard portal there i can see hcl selection statusvis complete but I have not get any confirmation in mail.
In portal it's showing HR assessment is pending I am curious about my selection, I have tried to connect with HR but she didn't respond, if anyone have any idea please comment.

Post Photo
like

Hi Fishers,

Can anyone tell me the monthly in-hand salary after tax- deduction.

Post Photo
like

Getting so over the grind of New York but don’t want to give up the pace of my career. Where should I consider moving (PR necessary, healthcare preferred)

like

How is Kaar technologies?

like

Anyone live or tour milieu in the west loop? Looks super nice but I’d love some input!

like

Hi Fishes,
I'm currently working as ETL tester @ Infosys, 5Yoe, cctc: 6.5
Going for my first switch, and got offer from CTS with 11.5 ctc as etl tester.
My lwd is jan 2nd.
I got trained in Selenium in java and i think my selenium concepts/understandings are good, need some brush up on testng.
So is it advicable to kick start and brushup Selenium+ TestNG concepts in 1 month and go for automation role interviews as i dont have experience in realtime automation projects. Good or bad idea?
TIA

like

Additional Posts in First Time Home Buyer

Plan is to purchase some time after 2 years or so. Primarily to save up for a larger down payment.

Here’s my plan of attack:
- $30K saved right now ($20K in IBonds and $10K cash)
- $90K saved by July 2023
-$130K saved by 2023 and target a $800K home

Location: Suburbs of Boston, MA

like

Is 5.5 good mortgage rate in current situation for first time purchase? Any predictions on future loan rates?

like

Thinking about buying a home with my fiancé . We’re not married yet and would like to purchase a home first. What resources can I look at to learn more about purchasing/financing a home with someone else? Also have no idea where to even start, would also appreciate if anyone has any resources for a total new like me!

like

I recently got a new job starts on 8/29 and it will increase our monthly pre tax pay to 250k for me and my husband. Will we be able to get approved for a 1M home?

like

Asking for help! For a farmhouse-style vibe would pulls or knobs look better on cabinets and drawers? Included two photos from Home Depot. I'd be getting black either way and the cabinets are going to be a sage green-ish color. Thank you for the input anyone (:

Post Photo
like

Hi all! First post here: my husband and I are thinking of getting solar panels and battery storage but have some sticker shock (would require a sizable loan). Anyone in a similar boat and how has the experience been?

like

Looking to buy my first house- Would it be a bit of a stretch to buy a house with a mortgage of 2.7k when I take in 3.4k bi weekly?

like

Any good recommendations on home (single family, 2-storeyed) security camera systems?

I'd like to buy, but the market is absolutely atrocious currently

like

Seeking some advice for home buying. Went under contract on a new construction back in March, was originally supposed to be ready in August but has been delayed until November. I’ve began getting quotes for mortgage rates through lenders and the best I’ve seen so far is 5.75% (excellent credit, dp at 10%) at a 60 day lock. Debating if I should test my luck with the market to see if rates will drop or if I should go ahead and lock my rate in before Rates increase even more

like

Looking to purchase my first home…yes at 47 years old…single family for me and my 4 daughters. Need a good mortgage with a low interest and a good program for teachers. In Northern California

like

My partner bought a new truck earlier this month. We’re hoping to joint-purchase our first home next spring. Is there a “best” time to get pre-approved for a mortgage? When should we start the home buying process?

So far we’ve kept our head in the realtor apps to see what the market is doing.

Rent just went up, pressure is on!

like

I am taking a interest only loan and lender has specified there is no prepayment penalty. Would I be able to pay extra to be used as principal payment in addition to the required interest payments per month

What is the most difficult part of buying a home for the first time?

likehelpful

What’s a fair calculator to know your affordable mortgage?

One online have a wide range in what’s considered “affordable”
Pre bonus and equity I earn 110k/yr in Wash DC.
I’ve seen 33% net income, but honestly $1650/mo CANT even get a 500sqft condo on rent.
30% gross is $2750/mo 😱
Others say I can afford 600k houses but that seems irresponsible and ridiculous.
My current rent is $1750 for a small 1bd1ba (cheap) but I’m sacrificing my safety in my neighborhood. No frills apt.

like

Any recommendations for buying agents in Massachusetts?

like

Buying new home first time in Austin, what you recommend to do 10% down payment or 20%. If I do 20% then saving around 60k in a year. Considering inflation is coming and house prices is going down day by day.

like

Landlord is raising my rent by $436/month next year - a 21% increase! Horrible!

I thought the housing market cooling down would have prevented this or made it closer to a 10% increase, even with inflation. I guess it may be time to buy, but my wealth is tied up in stocks so I can’t afford a sizable down payment. Where did you pull your down payments from?

Hi! European here who moved to New York and trying to buy a condo apt. Any tips on the mortgage process, any good providers here with good rates and no crazy costs? Condo is $450K and putting $200K down if helpful

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal