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Old 01-28-2017, 08:39 PM
 
1,373 posts, read 813,158 times
Reputation: 2198

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Whats with all these communities that all of a sudden in addition to an HOA fee are charging a "buy in" of 50-70k in addition to the price of the home?

Is this new? never saw this before when I was checking out listings 10 years ago..


WTF?


Did all the NY'ers bring their "co-op" fee with them but renamed it?
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Old 01-29-2017, 08:10 AM
 
Location: West Palm Beach
207 posts, read 209,705 times
Reputation: 325
Not sure what you mean by all of a sudden. Are there communities that did not used to charge a "buy-in" fee and now do or is it that you did not know that there were communities that did this? It is not that uncommon for certain HOA communities to have a "buy-in" fee as you called it.
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Old 01-29-2017, 08:36 AM
 
Location: Gainesville, FL; formerly Weston, FL
985 posts, read 972,399 times
Reputation: 984
And usually the communities that have mandatory membership fees have the less expensive homes as they just don't appreciate due to the requirement. The sellers have to offer a deep discount of their homes just to offset the mandatory fee.
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Old 01-30-2017, 11:18 AM
 
Location: South Florida
4,766 posts, read 5,292,630 times
Reputation: 4805
Quote:
Originally Posted by Elbig View Post
Not sure what you mean by all of a sudden. It is not that uncommon for certain HOA communities to have a "buy-in" fee as you called it.
It's been around a long time.
You probably just didn't notice it.
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Old 02-03-2017, 05:26 AM
 
1,422 posts, read 1,479,687 times
Reputation: 553
Quote:
Originally Posted by eqttrdr View Post
Whats with all these communities that all of a sudden in addition to an HOA fee are charging a "buy in" of 50-70k in addition to the price of the home?

Is this new? never saw this before when I was checking out listings 10 years ago..


WTF?


Did all the NY'ers bring their "co-op" fee with them but renamed it?
Most of the transplants from NY have never had a coop fee or even know what it is!
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