lower price home + higher (hoa+mello) vs lower (hoa + mello) + higher price home

[IndieDev]

Buying a TIC stucco box in this economic weather is the equivalent of buying a $52,000 2011 Honda Civic when the parking lot is full of 2010 models that have yet to be sold.

as i've mentioned before and usc-cpa has confirmed that there aren't a whole lot of newer detached condos or sfr <600k

That's because people are trying to sell their 2003 Civics for $49,000. Still the same problem, no one wants to buy a Civic at that price.

 

[gld2]

Can anyone explain why Portola Springs has much higher HOA comparing with WB, QH or SG?  PS looks dead because of HIGH HOAs....

 

[irvinehomeowner]

I would think it has to do with home density and elevated grounds maintenance?

I think QH also has higher HOAs... and Laguna Altura is going to be $295 a month.

 

[gld2]

QH has lower density and better elevations than PS.  Will PS will the Poor's QH in the next 5-10 years?  if the HOAs stay same,  I think it will be next Ladera Ranch

 

[irvinehomeowner]

PS would be better compared as the poor Orchard Hills... or poor Lambert Ranch.

Laguna Altura is the poor Quail Hill... even though LA will be higher priced and have a gate.