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Your HOA Fee Is Asinine! 

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Комментарии : 606   
@jonsmith9728
@jonsmith9728 Год назад
Whew $650 sounds more like a second rent check
@lukegray8626
@lukegray8626 Год назад
Dave's daughter giving him grief is the best. It brings him back down to earth. The back and forth is good.
@John3.36
@John3.36 Год назад
She is the Heir to the empire!
@TheSoulCrisis
@TheSoulCrisis Год назад
Yes I love it haha!
@MsJeanneMarie
@MsJeanneMarie 3 месяца назад
110%!!!
@Andiev12325
@Andiev12325 12 дней назад
Totally! I think they are my favourite duo.
@Danielathebrand
@Danielathebrand Год назад
That was me on the show!! Watching this replay was SO funny 🤣If yall have advice, I welcome it! Should I sell the Condo?
@chrismcc6563
@chrismcc6563 Год назад
Is that 650 a year?
@sppeders1
@sppeders1 Год назад
Best of luck.
@andrewrossnagel9433
@andrewrossnagel9433 Год назад
@chrismcc6563 $650/month I would imagine. Mine is $300 and it includes everything except electric/gas and whatever breaks on the inside. Roof, siding, water, lawn/snow care and a pool/tennis court all covered. And I still think thats expensive
@toeknee5565
@toeknee5565 Год назад
Buy two more of them
@SenorMoneyintheBank
@SenorMoneyintheBank Год назад
You need to look through the minutes to review why the dues have gone up. You also need to figure out exactly the $650/month covers. Every HOA is different so there's no way of knowing if this is a reasonable fee or not without that info.
@buffydog21
@buffydog21 Год назад
I couldn't afford a condo! I love owning a house with no HOA rules.
@blackworldtraveler3711
@blackworldtraveler3711 Год назад
Heck I couldn't afford one of my condos I have now if I had to buy it at today's price.
@One-Crazy-Cat
@One-Crazy-Cat Год назад
Me too and I’m a slob. Hahah. Right now I got weeds growing and I have an old office trailer out back and a park model mobile home down the side. Hahah. I’m just fine with hick!
@xfhnhhgjbvcfg
@xfhnhhgjbvcfg Год назад
Then you can't afford a house lol
@One-Crazy-Cat
@One-Crazy-Cat Год назад
@@xfhnhhgjbvcfg most people can’t afford their houses. I know people spending 60% gross income on a house. I’m at 4-5% my gross and I think that’s bad.
@dancalmpeaceful3903
@dancalmpeaceful3903 Год назад
Owning a house (with NO HOA rules OR fees) IS the WAY to go.
@kodjojj
@kodjojj Год назад
This sounds about right with condos, especially in metropolitan areas. I live in Baltimore and I was looking to buy a one bedroom condo in the downtown area, and the HOA fees on the average range from $400 to $700. 🤦🏿‍♂️
@kodjojj
@kodjojj Год назад
@@Mrsmetamorphosis2012 True!
@jofujino
@jofujino 7 месяцев назад
Yes, not new condos (because new condos don't have to pay for the maintenance of the building yet), but that sounds pretty normal for a condo where I live that is currently having to pay for major maintenance work (or pay off loans for major maintenance work). Either that or it might have expensive amenities such as a building security guard + pool + fitness center + landscaper. Hardly unheard of unfortunately, especially because insurance rates are increasing so fast because of climate change and these HOAs are often required to cover home insurance for all of the common areas too. I even saw one building where the HOA fee was that high and the reason it was so high is water and cable is bundled into the maintenance fee (which I would hate as a heavy internet user who never watches cable).
@Nikkib716
@Nikkib716 Год назад
I love Dave’s and Rachel’s relationship on the show together!
@scoutandscooter
@scoutandscooter Год назад
Anyone who thinks this is bad should never consider buying a co-op or condo in Manhattan.
@Malevolent_bacon
@Malevolent_bacon 4 месяца назад
The real answer is HOAs are mostly scamming owners. Period. I've never ever found a single HOA that does anything within reason.
@eddiekulp1241
@eddiekulp1241 Год назад
Never pay a HOA fee , don't live where there is one
@austinduke8876
@austinduke8876 Год назад
Condos and townhouses aren't really possible without HOAs
@JustinCase780
@JustinCase780 Год назад
80% of ALL new builds in the U.S. have an HOA
@AliciaMcIntire
@AliciaMcIntire Год назад
In Texas, that is basically impossible. Since most housing was built less than 40 years ago, it is all HOA
@ghostbird92
@ghostbird92 Год назад
This is a typical HOA for a high-rise condo in my area (northern VA/DC). I saw a $189k condo in DC with an HOA of $1.1k/month.
@juanrestrepo1017
@juanrestrepo1017 Год назад
Exactly very normal for Atlanta and Dallas too. Not sure where baldie here gets his numbers
@MaryBethMcCoy
@MaryBethMcCoy Год назад
@@juanrestrepo1017 And Los Angeles...especially high rises and buildings with lots of amenities.
@Smallvillefreak
@Smallvillefreak Год назад
So very glad we found a home near work, family, and church with no HOA.
@blackworldtraveler3711
@blackworldtraveler3711 Год назад
All it takes is effort.
@pangaeamenslijk9183
@pangaeamenslijk9183 Год назад
In some higher cost of living area $650 is relatively cheap and fees in the $1300 range aren't unheard of, the average condo HOA costs almost as much as an apartment where I live
@donnafontaine2799
@donnafontaine2799 Год назад
I'm trying to guess you live in NYC area...Boston..or somewhere in California?
@Malevolent_bacon
@Malevolent_bacon 4 месяца назад
This is called legalized theft.
@cherylburnham6660
@cherylburnham6660 Год назад
But in Texas it is very hard to find a house in a neighborhood without an HOA. It is basically another tax added onto the house because as homeowners in HOA we really have no say. They are usually ran by companies and not the homeowners. Had we known all of this we would have looked hard for no HOA and our next home we won’t live in an HOA (out of the state of TX).
@blackonblack...9244
@blackonblack...9244 Год назад
There's plenty of houses and property without an HOA in Texas. You just have to look.
@nottelling4828
@nottelling4828 Год назад
"But in Texas it is very hard to find a house in a neighborhood without an HOA." That's pretty much the norm across the country for any new home. Florida even has CDD fees thrown in there (municipal loans paid off by the home owners).
@stevenporter863
@stevenporter863 Год назад
HOAs are the worst. She should sell it. Since it is a condo, not like she owns anything except the four plasterboard walls. Basically an apartment being told what to do along with an extra HOA fee.
@genxx2724
@genxx2724 Год назад
@@stevenporter863 She does own the land, together with everyone else.
@blackworldtraveler3711
@blackworldtraveler3711 Год назад
I can understand having condo dues because it's tailored to my wants and needs with the security gates/guards,4k cams,heated pools,lawn/landscaping,maintenance of outside condo,tennis courts,heated pools,payroll,etc.... Not into the subdivision of HOAs for houses. Must admit the subdivisions with HOAs look nicer that those without.
@wtk6069
@wtk6069 Год назад
My problem with HOAs isn't the size of the fees so much, though it can sometimes manifest itself in exorbitant fees. It's the way they inevitably bring out the inner fascist in those running them. Humans always abuse power. Always. It's in our basic nature as a species, and it's always a risk to give another person power over you. They will always eventually abuse it.
@wreckingopossum
@wreckingopossum Год назад
As someone who lives in Dallas, I can confirm this is extremely common. Condo prices are suppressed by asinine HOA fees
@JustinCase780
@JustinCase780 Год назад
Yes, and this is nothing new. It's been super high for condo owners in Dallas for well over a decade. Papa never heard of this before in Dallas? The caller will get know place fighting it...buyers historically paid it for low prices but that ship sailed.
@darex0827
@darex0827 Год назад
The people running them are elected amongst the owners. They usually have zero experience in infrastructure management. Recipe for chaos and despair.
@sydneygray1331
@sydneygray1331 Год назад
Is this per month??
@juanrestrepo1017
@juanrestrepo1017 Год назад
Exactly it’s very common - that’s what all Atlanta HOA are if not even above. Where do this people live ? Middle of nowhere Wyoming ? 😂
@juanrestrepo1017
@juanrestrepo1017 Год назад
@@sydneygray1331 yes per month
@MrNiceGuy500
@MrNiceGuy500 Год назад
Our neighborhood was $81 a month but has decreased to $75 a month. We have a nice pool some ponds with fishing and nicely kept grounds. All our HOA guys are former marines and financially responsible. We are in Dallas area also (Frisco)
@CZsWorld
@CZsWorld Год назад
Dave should join the board of his neighborhood and become HO-Dave
@777RL
@777RL Год назад
Bring it up at the HOA meeting.
@stevenporter863
@stevenporter863 Год назад
​@MrBean I think that is the point. If someone went through the expense and effort to buy and own something; they may feel they shouldn't have to make yet another sacrifice and take the time out of their schedule to go to yet more meetings. All to just to make sure some HOA doesn't make rules or decisions about the very property they 'bought''. That doesn't sound like owning something besides on paper - it more sounds like communal living at private prices.
@nualanicghearailt8011
@nualanicghearailt8011 Год назад
I love how Rachel simultaneously teases and challenges her Dad! Only she would get away with it!! 😅😅
@anthonyfaucy2761
@anthonyfaucy2761 Год назад
Anyone else would get fired for challenging him like this lol
@cjhoward409
@cjhoward409 Год назад
I wonder if she cheated on her husband if Dave would fire her? Because he did that to a former co-host 😮
@jimroscovius
@jimroscovius Год назад
​@@cjhoward409 Ok, troll - First, she wouldn't do that. Second, yes, he'd fire her.
@jimroscovius
@jimroscovius Год назад
I never have, and never will, live where I have to pay an HOA. NEVER!!
@cjhoward409
@cjhoward409 Год назад
@@jimroscovius Oh you know her so personally that she would NEVER do that ? Lol I’ve seen stranger things in my time. And I seriously doubt he would fire his own daughter. 😂
@SpoonHurler
@SpoonHurler Год назад
I'm with Dave... you can tell me what to do and pay me OR I can pay you and I can tell you what to do. I hate HOAs.
@kajalshekhawat436
@kajalshekhawat436 Год назад
Same reason I hated school 😂
@benjaminhough8804
@benjaminhough8804 Год назад
I refuse to pay, or be a member of an HOA. When I’m looking at houses an HOA fee will immediately be a no on the property. I’m not dealing with their craziness. When I OWN a piece of land and the buildings on that land, I will do anything I want on that land and paint my house any colors I want.
@jeffwvu4602
@jeffwvu4602 Год назад
The fact that you're mentioning you want to paint your house any colors you want.. as if they wouldn't be approved, that's why a lot of people want to live in an HOA, that don't want pink and purple houses.. .or lets say rainbow colored houses destroying their home's value.
@TomDavisVideo
@TomDavisVideo Год назад
@@jeffwvu4602 LOL come on man.... are you an HOA board member LOL
@johndone8045
@johndone8045 Год назад
​​@@jeffwvu4602tfo, thats none of your business, if u dont like it, live in a cave or buy the whole block Hoa is a plague in this country
@ferngrows6740
@ferngrows6740 Год назад
Emotionally, I'm against HOAs BUT, they have their place. On a $800K place, mine is $100/mo. It covers sewer service, trash pickup, police force, fire department, road maintenance and maintenance of the lakes and common spaces. As stated upthread, it also keeps my neighbor from storing four shipping containers next to me - like my old place. :)
@DBS472
@DBS472 Год назад
Agreed, don’t have one on my home. However 80% of all new builds in the US have an HOA. It’s actually very hard/regional to find non-HOA homes
@acausevic1
@acausevic1 Год назад
I’m from Dallas as well and property prices are insane. What this lady said is very true . Texas is supposed to be one of the cheaper places to live in. This place is becoming the next California. I definitely won’t be retiring in Tx if things keep going this way.
@cyoohoos
@cyoohoos Год назад
As someone who had a high HOA fee once…$455 for a $198k condo…, it included water, cable, internet, pool, maintenance, taxes, etc. They had annual meetings where we as owners could attend and I sold it and bought a house without a HOA
@lot5953
@lot5953 Год назад
I would like a house without HOA too. Maybe Dave is right. One of my HOA members is a single mom who stays home and has nothing to do so she is strolling around the neighborhood looking for the makeup issue to report
@goofygirl1311
@goofygirl1311 Год назад
Yeah, I was wondering if her fee might include all utilities, taxes. maintenance, landscaping, trash removal. She really needs to see the breakdown of where that money is going to.
@LLAdventures25
@LLAdventures25 Год назад
Sounds like an uninformed homeowner who needs to find out what the HOA dues are paying for. Gates? Security? Hazard insurance? HO-6 insurance? Water/Sewer? Cable? Internet? Roof repair and replacement? Any amenities like pool, gym, clubhouse? For all we know, $650 could be a bargain!
@jasonrodgers9063
@jasonrodgers9063 Год назад
NEVER NEVER NEVER buy ANYTHING that has an HOA!!!! Condo, suburb, ANYTHING!!! You WILL be sorry!
@amireallythatgrumpy6508
@amireallythatgrumpy6508 Год назад
True of all American properties with or without a HOA to be honest.
@chemicalfrankie1030
@chemicalfrankie1030 Месяц назад
you dont know what you are talking about. let me ask - who does pay to replace the roof where you live?
@NateLives
@NateLives Год назад
This woman would never be on air if Dave wasn’t her dad
@ditttch
@ditttch 3 месяца назад
Our house is worth $250k and our HOA is $200 a year. $650 sounds ridiculous for her place valued at the same amount.
@richardwallis9374
@richardwallis9374 2 месяца назад
My house is worth 620k and my HOA is 80$ a month. I get a members only pool with life guards, a ton of communal gardens and parks in the area with equipment that is maintained, tennis court, driving security 24/7, and most importantly I’m left alone.
@abacab87
@abacab87 2 месяца назад
There is a big difference between a house and condo. 650 is crazy, my Mom's was considered inexpensive and was around $200 a month. Includes all outside maintenance and covered anything outside like roofing, siding, driveways, etc.
@kellywaddell4448
@kellywaddell4448 Год назад
I like how Dave just hangs up on people. You’ve said enough, goodbye.
@guillofm
@guillofm Год назад
i suspect its a mute only
@michaelluczyk
@michaelluczyk Год назад
As the other comment said, mute ❤
@blackonblack...9244
@blackonblack...9244 Год назад
It's like a shadow mute, I've call into the show before. Like you can hear the answer, but won't be able to respond and the call-screener will talk to you. Once you ask your question and they have enough information they give their answer but don't need to carry on a whole conversation. Some people ramble a lot on there, so it help to shadow mute.
@stevenporter863
@stevenporter863 Год назад
​@@blackonblack...9244 Never called in but just about to write the same.
@roolyfe
@roolyfe Год назад
Bye Felicia
@mishtc75
@mishtc75 Год назад
The end of this call with Rachel rippin' on her dad just totally made day LOL
@DillDough4u
@DillDough4u Год назад
Condo HOAs tend to be high because they typically cover exterior maintenance such as painting, roofs, landscaping, etc.
@scidav87
@scidav87 Год назад
NEVER live in an HOA 🤮🤮🤮🤮🤮🤮
@portertn123
@portertn123 Год назад
I once looked at a condo in Downtown Houston that was $1,200/month on a $250k condo. High rises generally have that high of an HOA.
@joejoe-bs6jq
@joejoe-bs6jq Год назад
Yes. Watched a few Vegas high rise videos and they are the same. For a high-rise, I can certainly understand HOAs and having higher fees. There's a lot more maintenance and care that goes into buildings (shared walls/building supports), sewer systems, electricity, the telecomm rooms must be built out, parking, trash, and other amenities. So, I can see that. But, normal one to three story condos? Can't see why they'd be terribly high unless you are getting a lot of amenities for your money.
@danielpecaro777
@danielpecaro777 Месяц назад
Go to the annual meeting. Her fault for her ignorance. Almost all HOAs are originally underfunded. Sounds like a catchup of reserves.
@David-wo9un
@David-wo9un Месяц назад
These two together are some of my favorite videos; not only is it educational, the bonus of the father/daughter dynamic is so genuine it just warms my heart.
@JackAceINC
@JackAceINC Год назад
So what this nice lady forgot to mention is the $650 covers all utilities, common areas, insurance, building repairs ect. It's not like they say "Hey you owe $650, and you get nothing."
@kagnewcobra5228
@kagnewcobra5228 Год назад
ALL utilities? Highly unlikely but I suppose possible.
@alex182618
@alex182618 Год назад
Very few cover electricity. Most buildings where I live cover heat and water. Sometimes gas.
@MaryBethMcCoy
@MaryBethMcCoy Год назад
Exactly! This lady did not appear to understand anything about condo HOAs or what her fees are paying for. When I owned a condo, the dues covered everything except electricity.
@dc1674
@dc1674 Год назад
Mine covers that for about $200/month.
@JackAceINC
@JackAceINC Год назад
@kagnewcobra I live in the Dallas area where this lady lives, I have worked in construction for 30 years, specifically midrise condo and apartment development. What happens is they take an older building that was apartments and never had individual meters for anything and convert them to condos. So the HOA dues are fairly high because all these items are included.
@barrymicockner
@barrymicockner Год назад
I pay about $300 a month for HOA and they do nothing really for the community
@Primitive_Code
@Primitive_Code Год назад
So what's the point of owning? I rent and pay only twice your HOA fee.
@shachede6828
@shachede6828 Год назад
It’s condo’s not houses usually
@barrymicockner
@barrymicockner Год назад
@@shachede6828 actually that's incorrect communities are charging hoa for houses and town houses
@barrymicockner
@barrymicockner Год назад
@ApplesAndOranges the point is your are paying for the Parks, pools. Club houses, fire pits, bbqs etc
@Primitive_Code
@Primitive_Code Год назад
​@@barrymicockneryes but you're not getting any of those services like this caller but it's required as a homeowner in the city.
@funtechu
@funtechu Год назад
I would guess it's to avoid an expected special assessment, probably because the HOA fees were artificially low in the past and then some major renovation popped up (like roof replacement). It's unfortunately common for HOAs to be mismanaged and either substantially overcharge or undercharge.
@getinthespace7715
@getinthespace7715 Год назад
It increased 200 dollars or 40%. It was insane before they upped it. Lol.
@genxx2724
@genxx2724 Год назад
I’d rather pay a special assessment for something that’s needed, than let the HOA sit on my money and possibly not budget it for infrastructure replacement. They can collect your money monthly and STILL pass a special assessment (“Oops!” with no consequences). I prefer to hold onto my money and invest it so it grows, then pay for things as needed. Most people can’t handle their money properly, though, and don’t know or accept that the building will need things.
@blackworldtraveler3711
@blackworldtraveler3711 Год назад
@@genxx2724 Same. We've had one assessment in 25 years of $400 a few years ago. Was voted on 95% approved and necessary. Part of my emergency fund/investments covers any assessment that comes up in the future. The board of directors encourage everyone to have an emergency fund regardless even though we have a hefty reserve fund and preventative maintenance. They don't like surprises.
@genxx2724
@genxx2724 Год назад
@@blackworldtraveler3711 It sounds as if you have smart, mature people running your HOA.
@Lon1001
@Lon1001 Год назад
@@genxx2724 I live in a condo and I'm the opposite, I never want to be around for a cash call, especially for something that should have been planned for but was missed somehow. I prefer there be a budget and audits in place to make sure the reserve fund is suitable for the major upcoming expenses (which thankfully my condo has), I also prefer that the cash reserves on hand are being responsibly managed and invested in appropriate funds until needed... the reason I prefer the condo to manage it is because even though people like you are able to plan for yourself, many/most people including fellow condo members won't have this which is why condominiums that dno't have good governance fall into terrible disrepair. Having suitably high condo fees and funded reserves protect your investment.
@NiqLikes
@NiqLikes Год назад
I’m not sure why we are talking about HOA fees in a condo (assuming building) like it is an HOA fee in a ranch house….that is a pretty common HOA fee for $250k condo
@juanrestrepo1017
@juanrestrepo1017 Год назад
Thank you. Baldie here Lives under a rock 😂
@afhyoutube
@afhyoutube Год назад
Dave doesn't live in reality anymore. $650 HOA fee for a big condo building is typical. It's not 1992 anymore.
@MrWookie1981
@MrWookie1981 Год назад
I think the key here is it is a condo. The HOA fees probably include utilities, insurance (not contents), maintenance, property management, capital reserve etc...
@RalstigRacing
@RalstigRacing Год назад
I wonder if they were underfunding reserves and had to step up the funding. There are new laws passed since the collapse of the FL condo that prevent underfunding reserves. Insurance has also increased by 200-400%.
@rondrake3720
@rondrake3720 Год назад
Depends on what the HOA covers ? How old is the condo, delayed maintenance, law suit, how many buildings? etc. are they preparing to do a major overhaul of something? And she doesn’t know
@MaryBethMcCoy
@MaryBethMcCoy Год назад
She is clueless and should not have called without getting her facts together first. This call was a waste of time because she has not done her due diligence ahead of time.
@Raven-uh5pl
@Raven-uh5pl Год назад
Condo fees in my bldg go from around $600 - $1300. Electric & water included. It also has a 24 hr concierge, stores, plus other amenities. We rent so we dont have to pay the condo fee, but we’re considering eventually buying because it’s a very desirable county and pretty much a guarantee we can rent it out eventually. I don’t know if it would be worth it considering the condo fee keeps increasing though.
@mrsmith1339
@mrsmith1339 Год назад
You rent. Of course you pay the condo fee and the landlord's taxes and insurance.
@Raven-uh5pl
@Raven-uh5pl Год назад
@@mrsmith1339 It would seem that way but our rent is only $1500. If we are paying the condo fee, then our rent is only $200.
@jennyberger6688
@jennyberger6688 Год назад
Yep that’s what happens here we’re in Colorado and some of the HOA’s are in the 700s and they’re just for tiny little condos and houses even houses even have HOAS
@juanrestrepo1017
@juanrestrepo1017 Год назад
Yup. That’s how much HOAs are nowadays
@DoctorSmartyPants
@DoctorSmartyPants Год назад
Rachel and Dave you cannot say this is mismanagement at all until you know what is going on.
@RN4L1990
@RN4L1990 Год назад
It is complete mismanagement if your HOA is raising rates 100 dollars a year without an explanation
@bettysmith4527
@bettysmith4527 Год назад
It is complete mismanagement if your HOA was so bad with money that they didn't have enough reserves to pay for projects, and instead had to add assessment after assessment to the point that they just had to add it all to the condo fee!
@sobeliever1638
@sobeliever1638 Год назад
With no explanation is an assumption. She probably did not look into it.
@DoctorSmartyPants
@DoctorSmartyPants Год назад
@@sobeliever1638 Agreed!
@genxx2724
@genxx2724 Год назад
This girl didn’t bother to remember what the special assessments were for, and how much for how long, when the notices came. She should have looked into it before calling. Now she’s going to indignantly make demands of the HOA, when they already sent her everything and she ignored it. Another lesson in becoming an adult.
@Danielathebrand
@Danielathebrand Год назад
I’m not a girl, I’m a woman. 🥰 Those were some serious assumptions you made. But thank you!
@kbanghart
@kbanghart Год назад
​@@Danielathebrand did you find anything in your email?
@Kaktus965
@Kaktus965 Год назад
@@Danielathebrand Any update? Curious minds want to know!
@williamlackey123
@williamlackey123 Год назад
I live in Myrtle Beach, SC. We have a ton of condos here with HOAs well over 1,000 a month
@6663000
@6663000 4 месяца назад
HOA and condo fees are out of control... it's like buying a place and then also paying rent on top of it. Doesn't make sense.
@PureToneMusic
@PureToneMusic Год назад
My parents' condo in FL is $450/month, but it covers cable, internet, grounds keeping, roofing, water, pools, tennis/pickleball courts, and a few other things. Their condo is right around the $250K range too.
@juanrestrepo1017
@juanrestrepo1017 Год назад
Exactly - Thank you.
@TheEvolvingAudioNut
@TheEvolvingAudioNut Год назад
One word... begins with an "E" ends with "bezzle". 🤪
@ghackney9549
@ghackney9549 Год назад
Stay away from HOAs.
@nigiabrown4547
@nigiabrown4547 Год назад
Sounds like it's $650 a year... That is NOT astronomical!
@SonicCloudLink
@SonicCloudLink Год назад
$650 seems like nothing. Assuming the building is paying it’s taxes and keeping up with the maintenance. I think Dave is comparing the HOA fee with the fee for a house. You pay your own property taxes with a house and are responsible for all maintenance.
@EricAndradeMusic
@EricAndradeMusic Год назад
My HOA is $280. I live right near Downtown Los Angeles. And that covers all of my utilities water, electricity, gas ect. My building was made in 1923 as well. $650 for a 250k condo? That's crazy. My condo is worth $300k. That's highway robbery.
@warrentrout
@warrentrout Год назад
My condo is far cheaper than a house. I cannot maintain a house for the price of the HOA fees and no external repairs
@earllsimmins9373
@earllsimmins9373 Год назад
This is what happens when you don't think it's worth the hassle to go to an HOA meeting..
@ElijahHunter77
@ElijahHunter77 Год назад
GO, DAVE! GO! SERVE YOUR HOA! 😂😂😂😂😂😂😂
@suem6004
@suem6004 Год назад
A lot of it is for property management companies. Our HOA is small (18) and we run it voluntarily. Otherwise those companies want like 4K a month to run the HOA.
@genxx2724
@genxx2724 Год назад
Ours charges $400 per month for an 8-unit building with no amenities. We just have a security gate, garage gate, and a little landscaping.
@cowboys20004
@cowboys20004 Год назад
Before anyone can say its too high, what are the amenities? Utility Bills, Maintenance? Playground, Gym? Absent that , the financials are available at the monthl meeting, They are not going to send it via email, because email isn't secure. But, when you ask, it's available. Ours id available at the meeting, from the office, and an online portal.
@CPMG2000
@CPMG2000 Год назад
I have a 300 K condo with $320 HOA which includes Golf, Pool, Tennis & Security. Board does a good job with our money. I like it because I do nothing... Yes Lazy boy here....
@hanghad7645
@hanghad7645 Год назад
Someone is giving you $320 a month for free to pay HOA?
@CPMG2000
@CPMG2000 Год назад
@@hanghad7645 no but if I had to pay to someone to do and manage all that, it would cost me more. Question of choice. I respect condo living is not for everyone.
@alinatamashevich3354
@alinatamashevich3354 Год назад
@@CPMG2000 I have one as well, no problem here.
@robloxvids2233
@robloxvids2233 Год назад
HOAs are fine. They make sure the losers in my neighborhood keep their yard cut, trees trimmed, and keep cars off the lawn. Human beings need to be saved from themselves. It's why we can't have nice things.
@bellybooma
@bellybooma 10 месяцев назад
Be very wary as a new buyer. Those who have already lived there for 10+ years don't mind higher fees and assessments as they have already built equity and want to be in a good position to sell. Being hit with an assessment and due raises 1 or 2 years after buying is not fun. You are essentially paying for mismanagement and lack or maintenance of the past 10-20 years.
@anaiyasmommy1
@anaiyasmommy1 Год назад
Some HOA fees include exterior maintenance, landscaping, the common clubhouse and pool maintenance, and security. I pay $100 for HOA, and all they do is pay the weekly landscaping, maintain the playground and security gates. $650 in comparison to the value of the condo is astronomical.
@genxx2724
@genxx2724 Год назад
There’s also water, sewer, trash, electricity, possibly gas, insurance, taxes, and accounting.
@shachede6828
@shachede6828 Год назад
@@genxx2724 everyone charges that, it doesn’t cost even up to a $100
@genxx2724
@genxx2724 Год назад
@@shachede6828 It depends on the complex and what common area amenities and landscaping it has. Yes, it does cost hundreds, and I’m in an 8-unit building. Granted I’m in California, so our insurance is likely higher.
@thedude5040
@thedude5040 Год назад
​@@shachede6828 my summer water bill reaches $500/mo. My electric and gas is $200/mo. My trash is $25/mo. My taxes are an additional $500/mo. Homeowners insurance is $100/mo. This is all for a $315k in Kansas. So yes $650/mo hoa fee that pays for all of that is reasonable
@juanrestrepo1017
@juanrestrepo1017 Год назад
It’s actual normal for any city. Look it up.
@nickadams7775
@nickadams7775 Год назад
We don't have the context though of what that HOA cost covers. I live in a condo that costs about $400/month in a cheaper city that covers everything except for electricity. So it covers water/sewage, gas, trash pickup and we have a pool/clubhouse. So to me that doesn't seem like an outrageous price in a big city for a condo that's worth 2.5x mine
@kevinstevenson
@kevinstevenson Год назад
How can you criticize the HOA fee when you don’t know what it includes. Her HOA could be very reasonable if it includes utilities
@57_Triumph
@57_Triumph 3 месяца назад
If you don’t know what your HOA fees are paying for, then you are not a right fit to live in a HOA community.
@zackwheat5770
@zackwheat5770 Год назад
My HOA dues get me lawn maintenance, and a community free of boats/campers/junk cars parked in front yards.
@Elizabeth_lowkeyluxuries
@Elizabeth_lowkeyluxuries Год назад
Amen. And a community free of AirBnBs and random people living next to you for a drug filled weekend of fun lol
@bettysmith4527
@bettysmith4527 Год назад
My non HOA neighborhood has none of that on the front lawns, AND I don't pay a ridiculous fee or have to follow ridiculous rules!!
@christiS907
@christiS907 Год назад
Yep. Living in the country has its perks.
@kimberlysoto6864
@kimberlysoto6864 Год назад
Why would you be paying his own fee month after month this high and not question what it allocated to?. Seriously. 🤨.
@mmitbitw
@mmitbitw Год назад
Did Daniela really think the HOA fee was going to stay at $450 forever?
@Danielathebrand
@Danielathebrand Год назад
🤣🤣🤣
@bettysmith4527
@bettysmith4527 Год назад
Right, not to mention a 450 condo fee on a 250K condo should have been a bit of a red flag!
@zoraster3749
@zoraster3749 Год назад
In Florida, some of these condo fees are going up to $1,200 to $1,800 a month for those that don’t have fully funded reserves. Law change after a result of that condo collapse in south Florida.
@Hellblaue210
@Hellblaue210 Год назад
Maybe dave should watch john oliver. He just did a segment on hoa fees. For a real estate expert dave really doesn't know much.
@sobeliever1638
@sobeliever1638 Год назад
I got the impression that he felt it was just dumb to pay that much ...not that he had no idea they can be that high.
@patty109109
@patty109109 Год назад
The fault here is this caller being so lazy she has no idea what it covers; hasn’t asked to see the budget.
@phantomfpss
@phantomfpss Год назад
With an HOA that high, you never own your condo, even if its paid off
@AnnikaOBrien
@AnnikaOBrien Год назад
I live in Houston in a gated community with armed guards and cameras. We also have a community pool and pond with fountains that stays stocked with fish - our HOA fees are $1250/yr and it covers tons. (It’s a house on land, not a condo)
@MrWookie1981
@MrWookie1981 Год назад
But you pay your own utilities, insurance, maintenance including major repairs like roof, windows etc.. and manage all the services provided. Once you add this all up I bet you are paying more than $650 per month.
@MyFunSizeBudget
@MyFunSizeBudget Год назад
My hoa is $475 a year. They don't bother us. Keep the grass cut and yard clean. You can add any neutral paint color change of the house. New structures you have to ask for permission
@lincolnwithmanny8837
@lincolnwithmanny8837 Год назад
I have a friend that bought a 140k condo in some old rinky dinky condo and his hoa is over 500 a month... and i saw a 246k condo for sale with a $738 a month in hoa is crazy
@samaelestevez
@samaelestevez Год назад
With the high cost of insurance in Florida it is not uncommon to see $600 HOA fees.
@bettysmith4527
@bettysmith4527 Год назад
Sounds like this was a very poorly run condo and it caught up them, now the owners all pay!
@DoctorSmartyPants
@DoctorSmartyPants Год назад
Caller needs to attend meetings.
@genxx2724
@genxx2724 Год назад
Or just read the minutes and documents she receives.
@dorothyannemusic
@dorothyannemusic Год назад
I would totally vote for Dave! #daveforpresident
@AuthenticallyTee
@AuthenticallyTee Год назад
I’m in Toronto and the condo fees here are ridiculous as well! Just ridiculous!
@Simpleharmonica
@Simpleharmonica Год назад
I cannot understand how HOA became a thing I would never live in a neighborhood where I paid someone to tell me what to do with my house
@sobeliever1638
@sobeliever1638 Год назад
I like it, people act like they are breathing down your neck while measuring your lawn length every week. It really depends on the community.
@katiebrower5552
@katiebrower5552 Год назад
Why would you sign up to be in an HOA to begin with?!
@MaryBethMcCoy
@MaryBethMcCoy Год назад
If you purchase a condo or townhome, there will be an HOA.
@charlesconley
@charlesconley Год назад
Depends on what is incudes with the HOA dues. I lived in a small condo and the dues included electric, gas, air, pest control, building maintenance, cable tv and all maintenance. A 20M house with a $700 HOA is not going to include those items so it is not really a fair comparison.
@adamseidel9780
@adamseidel9780 Год назад
It’s just wild to me that somebody would have bought a property and not have even read the HOA fee paperwork they were surely provided at close (or earlier) or have investigated this years ago.
@genxx2724
@genxx2724 Год назад
Also, nobody reads the CC&Rs. They buy a condo and consider it their “house”, and get angry and resentful when they are stopped from doing things that aren’t allowed.
@Frank-James
@Frank-James Год назад
I absolutely love when Rachel picks on dad!
@brooklynzoo81
@brooklynzoo81 3 месяца назад
That's her fault for not asking for a budget.
@richXPT707
@richXPT707 Год назад
HOAs have their place. For example, some people have difficulties living in a free society, so an HOA is a great way to experience the joys of fascism in your everyday life.
@sobeliever1638
@sobeliever1638 Год назад
Why go to the extreme to prove your exaggeration?
@ronnievengua9535
@ronnievengua9535 Год назад
I have the same problem. Northern VA Condo. . Owe 140K it’s valued at 350K. Purchased in 2009 . HOA has ballooned from $240 per month to $575 per month. It’s currently being rented, which covers HOA & Mortgage (with pulls a little cashflow). Unsure whether I should sell or keep it as a rental
@itsmikac8777
@itsmikac8777 Год назад
HOA is a rip off! No way with HOA (it rhymes 😂)
@InvisiblePuma1
@InvisiblePuma1 Год назад
My HOA fees are $350 for my $400k condo. But the HOA pays for landscaping, walls-out maintenance and roofing.
@alanj9978
@alanj9978 Год назад
And insurance, which has skyrocketed for condos.
@Helthurian
@Helthurian Год назад
Why would you even consider a place with a $400 HOA to begin with? My max was $150 when I was looking, knowing they'd increase it eventually.
@blackworldtraveler3711
@blackworldtraveler3711 Год назад
Affordability,amenities, and convenience. My place in Florida is $450/mo.. Has it's own marina and a waterway network to the Gulf,theater room,gym,pool,and other amenities. I always wanted to live around boats and palm trees with a great balcony view.
@tacojohns3432
@tacojohns3432 Год назад
once you learn about hostile takeovers in HOA's you will likely never buy one again
@relentlesspursuitofshade1234
@relentlesspursuitofshade1234 20 дней назад
HOA fees have almost doubled in the past 2 years. Sorry to say Dave but this is what it is. It’s not strange. Unexpected insurance premiums for the exterior, and landscaping prices have doubled.
@Turotribe
@Turotribe Год назад
My HOA/community fee is essentially tied to our property taxes, so it scales based on home value. Our community has homes between 200k-20mil, this model seems to work well in my area.
@Curious-Lass
@Curious-Lass Год назад
Wow! I have never heard of such high HOA fees!!! That’s insane!! I am with Dave. I hate HOA’s. I don’t want to pay and then be told what to do!!
@DoctorSmartyPants
@DoctorSmartyPants Год назад
These are condo management fees. Always higher than regular HOA fees because in a condo situation, you don't own your roofs or walls or land. Those are owned collectively by everyone and therefore your fees are higher in order to maintain those things🎉.
@Curious-Lass
@Curious-Lass Год назад
@@DoctorSmartyPants yes, I know. My mom lives in a condo with HOA fees. I know all about them and that’s why I don’t like them. But have never heard of HOA fees that are 6-7 hundred dollars or more! That’s insane!
@MaryBethMcCoy
@MaryBethMcCoy Год назад
@@Curious-Lass Condo HOA fees can be that high in major metro areas and usually, the fees are that high because the building often has a lot of amenities and may also include some utilities. Also, if the building is a high rise, the fees are typically high and if the HOA has a renovation project, the fees may include a Special Assessment.
@vickieclark5931
@vickieclark5931 Год назад
@@DoctorSmartyPants In a condo you don't own your roof, wall, or land? So technically, you never really own the condo then since the roof and the walls are the entire structure. Sounds to me like it would be better to rent one than to own one since your are never the owner of it even if you pay it off.
@DoctorSmartyPants
@DoctorSmartyPants Год назад
@@vickieclark5931 That sounds about right.
@amclymon
@amclymon 8 месяцев назад
Meanwhile my HOA in south Florida is $950/mo. Covers water, cable, trash and security
@dezalex1174
@dezalex1174 Год назад
OMG Rachel cracks me up! I love when she takes a dig at Dave it's so much fun to watch
@Slingsomelead
@Slingsomelead Год назад
This is why I live in the sticks!
@cirer8790
@cirer8790 Год назад
That is fairly high but it depends on what the HOA includes, a lot of Florida condo in a similar price range has a +500 HOA.
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