Should I avoid buying a house with high HOA fees?
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My wife and I are thinking about downsizing into a smaller house, but many of the available ones are within existing developments and governed by a homeowner’s association (HOA). The places we’ve looked at and liked the best so far have very high fees –several hundred dollars per month. We’re hoping to stay in this home well into retirement, but should we be worried that these fees will keep going up and up?