Zillow Advice: Home Ownership - Condo fees http://www.zillow.com/advice-thread/Condo-fees/143647/ Zillow Advice | Zillow Real Estate Are you thinking that a mobile ... http://www.zillow.com/advice-thread/Condo-fees/143647/ Are you thinking that a mobile home is the cheapest way to buy a home?&nbsp; Look Closer.&nbsp; Are you thinking a condominium is all you can afford instead of a single family home or PUD?&nbsp; Look Closer.&nbsp;&nbsp; Mobile home SPACE RENTS and condominium HOMEOWNERS DUES&nbsp; have gone so high that they make for poor to bad investments. &nbsp;Every property listing or advertising should include the CRITICAL info for Condos and PUDs and MBHs for the HOA dues or space rents, and how often they are due.&nbsp; How important is this?&nbsp; I look at it this way.... every $100 per month of Space Rents, or HOA dues is counted as if it were the payment on an extra $25,000 of mortgage when qualifying for a loan.&nbsp; Buyers who do not have HOA or Space Rent information are always shocked to see that they cannot qualify for the condo or MBH loan because the HOA dues or space rents are counted as much as loan payments.&nbsp; Sure, buy the Condo for $150,000, but with $300 per month in HOA dues, you could qualify for a house at $225,000.&nbsp; OR, you could buy a mobile home for $50,000 (usually in cash), but with $600 per month in Space Rents you could qualify for a house at $200,000.&nbsp; This is ESSENTIAL information that must be included in the Listing Report or Display.&nbsp; The WORST PART of Space Rents and Homeowners Dues is that they are NOT TAX DEDUCTIBLE and they ALWAYS KEEP INCREASING WITH TIME. Meanwhile, if you were making payments on a loan instead, you would be paying off the loan, and most of your payment is tax deductible so you get tax dollars to help pay for it. Thu, 14 Nov 2013 09:32:00 GMT http://www.zillow.com/advice-thread/Condo-fees/143647/ 2013-11-14T09:32:00Z Last I saw they were over ... http://www.zillow.com/advice-thread/Condo-fees/143647/ Last I saw they were over $700 per month !!!<br/><br/> Wed, 13 Nov 2013 21:52:00 GMT http://www.zillow.com/advice-thread/Condo-fees/143647/ 2013-11-13T21:52:00Z