Considering other communities have kept their HOA fees steady for 20 years, a 20% increase is quite unexpected. And as someone who bought his home a long time ago, it was a far cry from a million bucks.
Lastly, people don't save up money by ignoring recurring expenses .
My guess is that the HOA management company (KPPM) and the Irvine Company have their hands taking from the pot. KPPM takes an 11% management fee so a large increase will be a huge windfall to them. They then charge us for most of their services on top of that fee rather than covering their...
Has anyone else heard of special assessments / massive fee increases while a community is still being built out? We were told that we could expect the fees to be lowered upon complete build out.
- Irvine Company still controls our board (2 out of 3 seats)
- Reason given for this is "Increased...
Phase 5
Non-view
60 1B $1.955mm (extra 1,000 sqft lot with 18ft bonus setback)
61 3C $2.03mm (extra 1,000 sqft lot with 18ft bonus setback)
View - these lots look standard for the view lots
62 3A $2.783mm incl Deck at Master Bedroom
63 2C $2.744mm incl Stacking Sliding, Glass Door and Fixed...
Fake news. It's actually the natural gas plants that have been causing the vast majority of the lost wattage. I know it doesn't fit your narrative. Don't get facts get in the way of a good narrative...
I believe that when selling tract homes that are generally affordable (right now that means under $1.25-1.50 million), your best listing strategy is to list for slightly under comps. Let's say you think you can get $750k+ for your home. List it for $699k! There are probably numerous people with...