Hacker News new | ask | show | jobs
by ABCLAW 2807 days ago
The condo fees explode in most new developments between year 2 and 5, often tripling in the city.

Additionally, the baseline fee burden is amplified by the practice of developers counting guest suites as sold by pre-selling the suite to the condo corporation, who then place the financing costs of the guest suites onto the unit owners.

1 comments

I did not know about this. I'm pretty inexperienced in this area, so I appreciate the heads up about that.