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Finance.Boi........................................................................
Otis FudfuqerFinance.Boi wrote:
AWESOME!
http://money.cnn.com/video/news/2010/08 … .cnnmoney/
Problem is some of the homeowners association fees are to the moon and back.
It's insurance.
I know of a small vacation condo at Gulf Shores that's a studio. Right on the beach and nice for summer vacations but my insurance runs $6,000/year and add to that the homeowners association fee and it gets pricey at over $1,000 per month and that's without a mortgage.
$150/month mortgage with $1,000/mo insurance and homeowners association fees isn't a great deal.
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Otis Fudfuqer wrote:
Problem is some of the homeowners association fees are to the moon and back.
It's insurance.
I know of a small vacation condo at Gulf Shores that's a studio. Right on the beach and nice for summer vacations but my insurance runs $6,000/year and add to that the homeowners association fee and it gets pricey at over $1,000 per month and that's without a mortgage.
$150/month mortgage with $1,000/mo insurance and homeowners association fees isn't a great deal.
Insurance is only going up in Florida coastal rates have been kept low by a government scam (People's Insurance) which is completely underfunded.
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