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California

LogDog75

(1,382 posts)

26. There might be reasons for condos not selling

Reply to BigmanPigman (Reply #12)

Sun May 24, 2026, 02:41 PM

5 hrs ago

A couple of years ago, a friend of mine looked at buying a condo in the North Park section of San Diego. He owned a condo in Coronado which he was giving to his daughter and he like the North Park area. He took a look at the financials of the HOA and saw their reserves were almost no existent and everything was done by special assessment.

A lot of condos are overpriced which is why they sit on the market so long.

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BigmanPigman

28 replies

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Highlight:

This burnt-out 3-bedroom in Torrance sold for over $1 million. Welcome to California's housing market [View all] Zorro Friday OP

Thank you, my dear Zorro, for your very timely post. CaliforniaPeggy Friday #1

So glad you're out and about again! CoopersDad Friday #3

That's nuts 3catwoman3 Friday #2

Looks like a decent sized lot sdfernando Friday #4

Only 5600 sq ft. 1/8 acre. highplainsdem Friday #8

Doubtful AZ8theist Friday #9

Sold my house sdfernando Yesterday #19

I am SO jealous!! AZ8theist Yesterday #20

I live in Coronado and I can believe how much your house sold for LogDog75 22 hrs ago #21

Coronado is beautiful sdfernando 14 hrs ago #22

Thanks for the words about Coronado LogDog75 5 hrs ago #23

My Dad was an officer in the Army sdfernando 34 min ago #28

That's obscene! Bumbles Friday #5

That reminds me of a listing for a house in the SF Bay Area probably forty years ago senseandsensibility Friday #6

In Texas $1 million buys you a 4,000 sq. ft. mansion with a bit of land to go with it. OGBuzz Friday #7

Yeah gilligan Friday #11

LOL! Right you are. OGBuzz Friday #14

I've spent time in Texas and IMO it's not where I'd like to live LogDog75 5 hrs ago #24

But property tax on it is killer. BadgerMom Friday #16

Your comment about property taxes got me thinking about which states have the highest property taxes LogDog75 5 hrs ago #25

Hem AllaN01Bear Friday #10

Over 1 1/2 years several condos in my complex have been on the market BigmanPigman Friday #12

There might be reasons for condos not selling LogDog75 5 hrs ago #26

The reserves are very important. BigmanPigman 1 hr ago #27

The prices are more reasonable inland where I live. EndlessMaze Friday #13

What do you suppose would account for such a... BurnDoubt Friday #15

Just TOTALLY out-to-lunch! calimary Friday #17

Crazy. LoisB Friday #18