Yin-Hei t1_j26yki9 wrote on December 30, 2022 at 2:27 AM

Reply to comment by Cuprunnethover2022 in Requesting for apartment recommendations in Jersey City by NationalTeacher5268

It indirectly affects OP, and rent prices in general. Property tax, electricity and gas rates, HOA fees, insurance, etc., all contribute to the rent price. There's a strict minimum and the lower this is the better for OP. HOA is one premium that fluctuates significantly building to building.

You may not be cognizant as a renter, but landlords or owners have to adjust their prices accordingly or there'll be no incentive to offer rent at that price. A difference in HOA, for example, can get him $200 lower and he would have a piece of mind knowing where that cut came from in his expectations.

bodhipooh t1_j270m9n wrote on December 30, 2022 at 2:41 AM

>Property tax, electricity and gas rates, HOA fees, insurance, etc., all contribute to the rent price. There's a strict minimum and the lower this is the better for OP. HOA is one premium that fluctuates significantly building to building.

This is only applicable if the OP is planning to rent a condo directly from an owner. Otherwise, none of this applies to the more common scenario of someone renting an apartment in a rental building.

Yin-Hei t1_j27c4io wrote on December 30, 2022 at 4:09 AM

How is an association from a rental building immune to this, they are like everyone else competing in the rental market. We also don't know from OP's initial post if he wants to rent from a rental building or individual owner, but the information is included per rental market.