Technically, yes, the owner above me and the association bear responsibility, but because of corruption, things are not handled as they should be, and I would likely need to file a lawsuit, to get it handled properly. And I am still the one with water, continually in my unit. IF things were run they way they were supposed to be, I would not have issue!! It's very disappointing, discouraging and frustrating!!The current housing cost may be more like $1500-1600 per month after adding in the $200 or so per month interest that could be earned on the ~$50K net equity, plus a guess at $100-200 per month in maintenance and repair costs.Regarding your housing - your current total cost is $1200/m. Can you rent a comparable place within an acceptable distance to your girls school for that amount? You are correct that you can never pay off the HOA, insurance and property taxes, and that those will continue to increase. But every landlord has the exact same issue, and will pass these increases through to you in the form of increased rent, but with a markup.I'm not sure what's going on, but isn't the unit above you or the condo association obligated to fix the issue and deal with the consequences of not doing so?Of all things considered, it is the repeated water incidences that are the biggest motivator to sell for me. Every time I have water POURING into my unit, because of the unit above me, it is extremely stressful and a LOT of work!!!
If not, avoiding that would have some value that should also be added to the equivalent rent.
Statistics: Posted by cdallas — Thu Jan 23, 2025 5:53 pm
