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re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home

Posted on 10/18/23 at 11:01 am to
Posted by AwgustaDawg
CSRA
Member since Jan 2023
7349 posts
Posted on 10/18/23 at 11:01 am to
quote:

Yeah that's another thing. If you're able to buy a condo in a "decent" area, get ready to fork over $500/month in an HOA fee.

I'm just glad I bought my house when I did in early 2020 but I really feel for everyday, middle class people looking to buy right now.



And expect that number to double and triple in the next couple of years. A PILE of condo owners in Florida have seen their annual association fees surpass the purchase price of their unit just 5-10 years ago.
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6025 posts
Posted on 10/18/23 at 12:07 pm to
quote:

A PILE of condo owners in Florida have seen their annual association fees surpass the purchase price of their unit just 5-10 years ago.


How much are these condos? And how much are these fees?
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