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In canada we have this crazy situation where there are homeowners that have the strata fees (homeowner association) that are e higher or close to their mortgage
by Fire-Dragon-DoL 3y ago
In canada we have this crazy situation where there are homeowners that have the strata fees (homeowner association) that are e higher or close to their mortgage, that's because they bought 10 years ago, the home prices quadrupled, so their mortgage is extremely low, let's say for 200k instead of 800. So 1000$ payment for the home and 700$ for the strata fee. The strata fee for me it's negligible compared to the mortgage.