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A lot of red flags here

Posted 5/23/23

Dear Dave, I live in Dallas, Texas, and I’m wondering if I should sell my condo in order to pay off debt. I owe $120,000 on it, and it’s worth around $260,000. Plus, the homeowners association fee used to be $450 a month and has gone up $100 each year for the last two years, so now we’re paying $650. No one has ever told us why the fee went up so much. There haven’t been any major improvements to the complex in the last five years, so I don’t know what to think. Can you give me some advice? Daniella

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