Expat Community > Nicaragua

donnaleanorris
Joined 2013
Posts: 16

Opinion on Purchasing American Developments. Please comment...

10 years ago

I am an American and have some thoughts....and would like some information regarding ones that purchased a home in a development with HOA fees of $200-400 per month.

I am seeing some thing that is going on and it hit me like a ton of bricks. I see companies coming in purchasing for cheap compared to our dollar, purchasing building materials for cheap, hiring for absolute nothing, then trying to attract people that wants to get away from these rules, what you can do and can't do, expensive prices and monthly dues!

Isn't this the exact reason why we want or have moved to and want to get away from all this stuff?

In turn all it is doing is making it totally not affordable to the locals, and driving prices up and turning it into America, The Caribbean, and all the places that were fleeing from too. I think a reasonable HOA dues is fine say $20.00-$50.00 and home prices to be reasonable $50,000?

See they buy the property for cheap, hire cheap labor, buy cheap materials, making on each house and all the stuff for about $15,000 and pocketing the rest, and then hiring afterwards for nothing, then outrageous HOA fees and making more money every sing month on top of everything else.

I think when purchasing these we need to look at the long picture and fight this outrageous prices....We, came here or coming here for what purpose? to get away from the hustle, the outrageous prices, and have peace and enjoy ourselves on vacation or retirement.
Thank you for taking the time to read my thoughts, would love to hear your opinions :-)

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Opinion on Purchasing American Developments. Please comment...

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