Wednesday, November 12, 2014

Ten buildings in San Francisco where the HOA fees are higher than the rent

"The highest HOA fees at 1001 surpass the $5,000 mark—which is high above the recent citywide median rent of $3,488. The 10th-place HOA fee on our map is $2,838, which is still more than the median rent for a one-bedroom in Bernal."
After which the article goes on to rationalize and justify the high fees as "boring homeownery stuff" and "high-dollar extras" like doormen, without mentioning management company charges, senseless litigation, and other costs that  are more controversial than paying for utilities. It is getting harder to tell the difference between real estate reporters and PR flacks for the housing  industry.

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