Friday, January 20, 2017

Buying a condo in San Francisco Bay Area

It is important to realize how buying a condo or town home San Francisco Bay Area can impact your life. By law, they have Homeowners Associations, which are another layer of quasi-government regulations. They are set up like dictatorships see "Davis Stirling" Civil Code in California, run by the oligarchy Boards of Directors (your neighbors, most likely without experience and no training for positions, and often managed by outside management companies (very difficult to find good ones). Condos or town houses usually don’t appreciate like a home, there are tremendous rules (with little recourse to protect owner), harassment by management, special assessment, double taxation. Your property rights are compromised, along with quality of life. Horror stories abound!

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