Membership Housing

That is all kinds of dishonest.

If you have the $150K to give them as an "entrance fee," it means you have a $150K downpayment for the $200K fictional condo they compare themselves to. Which means you can afford a downpayment of 75 percent, not 20 percent -- i.e., put $150K down instead of $50K. Which means your monthly mortgage payment (using their assumptions) would be more like $188 a month, not $707. Which means your monthly payment on your ownership of the condo is actually $1487 a month, not the BS number they came up with to make it more expensive. Otherwise, they need to account for the income the $100K you are leaving in your pocket with the smaller downpayment will pay you.

On top of buying the condo costing you significantly less per month using the apples-to-apples comparison that I am doing, you also get (using their assumptions) a $20,672 profit when you sell the condo. Which means the condo is a WAY BETTER deal financially.

Unless the the "community" services they are selling are worth a lot, they have to be joking. The fact that they did a very dishonest comparison doesn't really speak well for them.

 

You really have to strain the word "invest" to square that one. Real estate investors get equity in the property . ... for their investment. The more accurate way to look at it. ... you are giving someone an interest-free loan to develop a property. The question then is "What are you getting in return?" From what you have shared. ... not nearly enough.

 

I assumed (but maybe wrongly, since the rest of the comparison was dishonest) that they give you reduced-price utilities in return for a large interest-free loan.