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The Horizon value

Started by liligoldin54_2212220
almost 9 years ago
Posts: 0
Member since: Feb 2017
It seems that 6 units went on sale in last month, is that right? What is going on with this building? I looked into The Horizon last year, and there was almost nothing on sale. I get the impression that they have some financial issues. Did anything happen that caused these units to go on sale all at once? Is it still worth buying there?
Response by DavidBir
almost 9 years ago
Posts: 0
Member since: Feb 2017

There was a major assessment last month for money already spent last year. It seems to go throughout the year, meaning the common charges practically went by 50%, something that blindsided the unit owners.

It looks like there will be another assessment in 2018 for the hallways and another one for 2019 for elevators and major renovations. The north side of the building is now facing a major construction site. There is a problem to get a mortgage because of the finances/assessments were handled poorly. I would stay away from this building, unless you are looking for financial headaches for years to come.

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