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Wow... ummm... harsh and a gross exaggeration right out of the gate. First off even if I buy the $455k one with a 5% interest rate the mortgage would be $2,369 a month.  So I would be geting close $3,000 a month with taxes, insurance and HOAs.  Maybe slightly more in the worst case scenario...

I am looking at a couple of the cheaper 2 bedroom condos at the Central Park West development in the Belvedere building.  One is 1,300 sqft for $389k and the other is 1,550 sqft for $455k. I know that there will be Mello Roos, but HOAs seem to be kinda fuzzy.  I have heard anywhere from $150 a...