I prefer condo — easy maintenance. Some of them have low HOA as well.
Some links would be really helpful
Where condo you are looking for ? There are bunch of constructions going on in Santa Clara region
Our thoughts are meaningless. what are your thoughts? You state none other than financial. if purely a payment question then there's probably 0.01% chance you'll have a condo mortgage cheaper than 2500 rent in this area. So do you have other goals with the question? Buying property is not for everyone at every moment. Especially in SFBA.
I’m house hunting in LA and the 500-700 HOA fees seems like such a waste for the services they provide. Maybe it’s cheaper in Santa Clara, but renting sounds like the better option.
Agreed. Those HOA fees are ridiculous. On average a complex has 12 units, so that’s almost 9k a month for HOA. I don’t understand why they need all of this money when even the smallest things cost fees like laundry. There is no way that they spend 9k a month maintaining the pool and the gardens. It’s total bs
Owners are able to see the books. And if there are things that are out of line you can bring it up at the board meeting or run for the board. More often the places with low fees have nowhere near enough in reserve.