I found this conversation to be kind of awkward in regards to a person who was interested in buying a condo with a strict budget in mind. Essentially she wanted to pay under $300,000 and was really adamant about paying less than $200 when it come to the strata\/maintenance fee in the building. Essentially the logic is she wanted to have more money leftover at the end of the month and a high fee would definitely eat into that budget.<\/p>\n
That was the weird thing though. For example, given the choice if there were two identical buildings where one cost say $290,000 with a $150 fee per month versus a building that cost $250,000 a month with a monthly fee of $250 a month she mentioned she would still go with the one with the lower maintenance fee as it is cheaper. I was thinking to myself why would a person say that? What makes it even stranger is that she was even saying she probably intends to move again in like 10 years.<\/p>\n
If you think about it, with the higher maintenance fee in like 10 years that would mean one paid about an extra $12,000. However, since the property was $40,000 less that means in ten years you would still be up about $28,000. It makes me wonder why in that case one would focus so much on the monthly fee as opposed to focusing long term on which one has the best value.<\/p>\n","protected":false},"excerpt":{"rendered":"
I found this conversation to be kind of awkward in regards to a person who was interested in buying a condo with a strict budget in mind. Essentially she wanted to pay under $300,000 and was really adamant about paying less than $200 when it come to the strata\/maintenance fee in the building. Essentially the […]<\/p>\n","protected":false},"author":1,"featured_media":6887,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[828,2892,4112,35,2855,248,4339],"class_list":["post-4747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-budget","tag-building","tag-condos","tag-finance","tag-monthly-fees","tag-real-estate","tag-total-fees"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2015\/04\/stock.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-1ez","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/4747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=4747"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/4747\/revisions"}],"predecessor-version":[{"id":4748,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/4747\/revisions\/4748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/6887"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=4747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=4747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=4747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}