Twin Cities Area Campfire BS Thread

Discussion in 'Central – From Da Nort Woods to the Plane States' started by Daggy, Sep 28, 2008.

  1. pineconeMN

    pineconeMN Been here awhile

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    This sounds legit, although I've never lived in that sort of arrangement. But people I know talk of paying in the $300-400 range. $190 sounds like it wouldn't cover much more than just lawn care & snow removal. :dunno
  2. Grainbelt

    Grainbelt marginal adventurer Super Moderator

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    Yeah, I dunno if he's talking condo (apartment style) or townhouse. Townhouse style comprehensive HOA that covers roof, exterior, windows, and subsequent insurance on top of lawn care and snow removal will be fairly expensive.

    Reading the response, it sounds like they are trying to prop up resale values by bumping up the reserve amount. Great if you're trying to sell, less so if you're planning to stay. Plenty of people in the Mpls market got burned by underfunded associations when the condo market was overbuilt in the 00's and developers weren't putting in the monthly fee for unsold units. That left the reserve very underfunded and required hefty assessments or fee increases in later years to dig out of that hole. That's why prospective buyers are gun-shy about it.
  3. dtysdalx2

    dtysdalx2 PITA but useful

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    These association fees are beyond my control. This is the BAD thing about condos. :puke1

    I hate complaining, but geez. The good side of this is that my property taxes have dropped about 25% in the last 4 years. :dunno

    My neighbor has been trying to sell his place for 5 years too. Some have sat for 2 years easy.


    $3-$4 hundred a month for association fees???
  4. JackJack

    JackJack Dulce Periculum

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    My association dues are $250/mo for roughly 900 sq ft and 1 garage stall. It's based on percent of sq ft owned so the people with 3 BR units are paying close to $400/mo.

    There are laws that dictate how the reserves can be invested, how often the management company and the books are audited, and how much needs to be in reserves. Previous to 2002, when CD's paid more interest than they do now, it was easier for the board treasurer to stagger the investments to take advantage of interest rates that kept up with inflation. The feds keeping the interest rates low may help the country in some ways, but hurts in many others. This is one way it hurts.

    If you really want to cut expenses, run for the board and get multiple insurance quotes for the building and find ways to cut the water/sewage and electric bills. Then find out if your management companies fees are competitive. Those are the biggest expenses and the easiest to shave $ off the annual operating expenses.
  5. propforward

    propforward PIE!romaniac

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    Anybody? :ear
  6. Grainbelt

    Grainbelt marginal adventurer Super Moderator

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    I tried to talk some bird into it last night, she thought I was kidding. PM me for contact info. She's in her late twenties and drinks good beer.
  7. Metallic Waste

    Metallic Waste Wearing the Cone Of Shame

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    Taken.
    -K
  8. propforward

    propforward PIE!romaniac

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  9. Spikehead

    Spikehead Two-Bit Throttle Bum

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    Between Scylla and Charybdis.
    [​IMG]

  10. LSGiant

    LSGiant Long timer

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    Props Signature line is ..........
  11. propforward

    propforward PIE!romaniac

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    Yes? What?
  12. Metallic Waste

    Metallic Waste Wearing the Cone Of Shame

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    What? Prop has been taken? We should form a scouting party to find him at once--post haste!!! I'll get right on that, as soon as I open another beer.

    Edit that beer went down quite well. And the fridge doesn't appear to be empty so, surely another couldn't possibly hurt...
    -K
  13. propforward

    propforward PIE!romaniac

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    It is generally best to send a beer down after the first one, so that it can go and check on it.

    If you don't hear back, form a search party of 7 or 8 beers, and send them in after the first two.
  14. redkerk84

    redkerk84 that guy

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    :nod

    This is great and would make a good poster and/or t-shirt.
  15. *Gravy*

    *Gravy* Jedi Loser

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    You just want to keep in mind that you may not want to see them again. Which will happen if you send too many looking.
  16. redkerk84

    redkerk84 that guy

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    Very true.
  17. propforward

    propforward PIE!romaniac

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    The goal of the search party is not to bring them home, but to give them moral support on their arduous journey.

    Since we hope never to hear back from them, it is vital to send new search parties on a routine basis, just in case.
  18. Metallic Waste

    Metallic Waste Wearing the Cone Of Shame

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    Sounds like last night.
    -K
  19. propforward

    propforward PIE!romaniac

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    Well, I just got my Christmas Present to myself.

    Aerostitch had a Falstaff jacket in my size (feckin enormous) on sale. Couldn't resist it.

    [​IMG]
  20. *Gravy*

    *Gravy* Jedi Loser

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    :tb

    Did you order it or do you have it. If you have it can I come over and smell it before you foul it up?

    See?
    Creepy is way over here----------------------->there's me way past it :D