Quote:
Originally Posted by Patrick
Healthy reserve fund of $25K ahaha that is BAD for a building that old.Should BE MUCH higher.
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actually that is a fairly healthy reserve fund for a condo conversion that took place roughly 5 years ago.
As for condo fees, it really isnt as bad as some might think. I personally look at a place like arriva where we just sold a unit with condo fees in the 800s i believe. That building has nothing but a party room. Granted they have full time security and window washing isnt cheap but still. Paying 800 a month on a 1100 sq ft condo is close to a mortgage payment for some.