Riverstone Condos in Bellevue?

[perfectfire]

Have fun with half of the owners paying HOAs for the ENTIRE complex starting now. Still think you got a screaming deal on a "condo"?

[lenticular]

Actually yes, I still think I got a great deal. What's with all the negativism? Trying to keep the prices low to get in yourself?
You do bring up a good point about HOA dues, I haven't thought of that. That would be a good question to ask at the first HOA meeting. I would expect the banks (who still own almost half of all units) to contribute their share into the HOA fund. Also, there is less garbage, less water use and less maintenance with people not living in those units, so all not so bad.

[perfectfire]

Yes, I would love to buy a low-end apartment in a crappy area and pay and pay double the cost of renting the exact same thing.

[lenticular]

@perfectfire: Actually, my 30 year fixed mortgage payment is just $610 per month. HOA dues $270. For comparison, renting a newly renovated 1 or 2-bedroom apartment in Bellevue is no less then $1100.
Low-end? No. Granted, not as good as brand new places, but better then most Bellevue apartments.
Crappy area? What's wrong with the area?

[perfectfire]

They must've had an auction or something because redfin claims 30+ sales in the last 3 months and the King County records show only 28 are still owned by RIVERSTONE DEV LLC.

[lenticular]

According to their email ad as of June 18th only 5 condos remain. I don't think there was an auction, they are just reasonably priced and people need a place to live.