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A friend is considering buying a condo at Harbors at Haverstraw. She loves the way it looks and the resort-like ambiance.
I am not familiar with Haverstraw, but from the way it looks, it appears that it's one of those towns that keeps trying to gentrify but never seems to get there.
It seems that these started out as $700K condos but now sell in the $300Ks. This makes me wonder about owner-occupied vs. rentals, how solvent the HOA is (because the fees are already high), and of course, resale value.
It looks like there is a new section that is being marketed as rentals for millennials. My friend is in her 60s.
To me it sounds like a huge risk with a lot of down side, but if she would be happy there, it may not matter. I'd love to have some input from the locals that I can pass on.
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