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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Not understanding the question. Posted by Gc on May 13, 2010 at 7:17 PM In Reply to: Not understanding the question. posted by JK (the other JK) on May 13, 2010 at 9:17 AM Typically buyers (investors who plan to rent). I understand your answer, but this is all offset by a much lower price. I mean if the amount of defautls is high in a complex, chances are that every condo in the area would have similar default rates, meaning that this condos would be dirt cheap compared to a single family home. As we speak, there are condos in California that are selling for 1/3 to 1/4 of the value back in 2006. As oppose to a single family home in the same area that has only fallen 50%. I do see some concern in that I don't know of any lenders that will finance an assessment. GC ) : : Can someone tell me why some people get overly concern with special assessments for condo rentals? I seems logical to me that you either get charged a high HOA dues, or you get low dues with a special assessment now and then, or your dues go up slighly now and then. I mean the Hoa has to pay for upgrades to the property somehow. I would love to hear some comments from investors with more experience on this topic. : When you write "some people get overly concen with special assessments for condo rentals" , are you referring to buyers, lenders, investors or who? : In some complexes it is becoming a HUGE problem. Suppose a bunch of units are in foreclosure and those owners are not paying their HOA dues and then a new roof or major plumbing repair is in need. It could be a huge bill for owners that are paying their dues. Follow Ups: Nothing new... Rick Harmon 10:30 PM, 05/13/10 (1) Amen gc 4:10 PM, 05/14/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Typically buyers (investors who plan to rent). I understand your answer, but this is all offset by a much lower price. I mean if the amount of defautls is high in a complex, chances are that every condo in the area would have similar default rates, meaning that this condos would be dirt cheap compared to a single family home. As we speak, there are condos in California that are selling for 1/3 to 1/4 of the value back in 2006. As oppose to a single family home in the same area that has only fallen 50%. I do see some concern in that I don't know of any lenders that will finance an assessment. GC : ) : : Can someone tell me why some people get overly concern with special assessments for condo rentals? I seems logical to me that you either get charged a high HOA dues, or you get low dues with a special assessment now and then, or your dues go up slighly now and then. I mean the Hoa has to pay for upgrades to the property somehow. I would love to hear some comments from investors with more experience on this topic. : : When you write "some people get overly concen with special assessments for condo rentals" , are you referring to buyers, lenders, investors or who? : : In some complexes it is becoming a HUGE problem. Suppose a bunch of units are in foreclosure and those owners are not paying their HOA dues and then a new roof or major plumbing repair is in need. It could be a huge bill for owners that are paying their dues. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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