Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
There moving along! I am hoping to get called within a year or 2 but we shall see! Good luck everyone waiting. 2bdlotpb what's your approximate number ? I'll keep you guys informed if and when I hear anything I am in low 80s!
There were a couple previous comments I thought I would clarify the data on. One stated that somebody was paying $1500 for a 2 bedroom including the garage parking (which is about $200). The amount paid in this case probably included a surcharge (which maxes out at 50% of the standard maintenance) due to their income exceeding the standard income range. It also includes the electric charge which is probably $50-$100 per month and around $150 for a capital assessment that was for double-pane windows that were put in a few years ago. That final cost will disappear after a number of years. Without an income surcharge and the garage, I'm guessing a the total charges for two bedroom would be around $950-$1000, depending on how much electricity they use.
As far as why the deposit doubled, the buildings are now over 40 years old and needed many repairs due to age. The roofing was recently be replaced , cracks in the outer walls are being repaired and the garage had to be rebuilt. There is still cracks in the plaza above the garage so the plaza is going to be rebuilt soon. The cost of all the repairs in a fairly short period of time meant money had to be raised. The choices were to privatize or to raise the deposit to pay for these. The privatization, which would have raised money through a 40% tax on the first sale of each apartment, was rejected (only 65% rather than the required 66% supported it) so they raised the amount of the deposit instead.
Thank you for letting us know, prettysmart. It's moving faster than you predicted earlier. Do you think a lot of residents voted for privatization decided to leave after losing the lawsuit?
The units were not being filled for several years until a settlement was reached concerning the privatization. I have to assume that this means there are dozens of open units.
Thank you for letting us know, prettysmart. It's moving faster than you predicted earlier. Do you think a lot of residents voted for privatization decided to leave after losing the lawsuit?
The carrying charge is so affordable that I don't think the residents will leave because of losing the privatization battle.
The numbers are moving so fast that I think the other probable reason is some applicants not able to lay out the $40,000 deposit or do not want to tie up that kind of money that they can use or invest for something else. Or they don't meet the right family configuration. What do you think?
Thanks for clarifying, meemsone. My# is right behind yours, in 90s. I am wondering if you have any idea on how long the wait will be... I will contact them in the end of this year. Best luck to you!
With this lightning speed, maybe you will be offered an apartment in 2 or 3 months' time. Good luck.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
