💣 Is Your San Jose Condo a Financial Time Bomb?

Thinking of buying a condo in California? This video could save you from financial disaster! As your San Jose Realtor, I'm breaking down the unprecedented crisis hitting California's condo market, leading to tens of thousands in unexpected special assessments and skyrocketing monthly fees.

Dive deep into three California-specific issues making condo ownership riskier than ever:
1. Aging Condo Stock & Underfunded Reserves: Discover how California's 70s, 80s, and 90s condo boom is now causing major building systems to fail, combined with decades of inadequate reserve funds, leading to massive special assessments that could hit your wallet hard.
2. Mandatory Balcony Inspections (SB 326): Learn how California's strict new balcony inspection law is uncovering expensive, long-deferred problems, forcing mandatory and costly repairs – something you might be on the hook for.
3. Skyrocketing Condo Insurance Costs: Understand why California HOA insurance premiums are surging by 20-50% (or more!), driven by wildfire risks, earthquake exposure, and aging infrastructure, pushing many associations into expensive surplus markets. This means higher monthly fees for you.

Don't let a "bargain" condo become a financial trap for you. Watch now to understand the true cost of California condo ownership and ensure your financial survival in this evolving market.

#CaliforniaCondos #CondoCrisis #RealEstateCalifornia #HOAFees #SpecialAssessments #BayAreaRealEstate



Intro: 00:00
Why buying a condo just got riskier: 00:15
California’s aging condo crisis: 01:45
California’s balcony inspection law: 05:26
California’s unique insurance crisis: 08:54
California’s condo market reality: 10:54
Recommendations for condo buyers: 12:49
Takeaway: 14:58


What’s the current value of your home?
https://search.stevemun.com/seller

💻 Dive deeper into your real estate journey on my website and get even more information through my links below!
https://www.SteveMun.com
https://linktr.ee/stevemungroup
---------------
Welcome to the official YouTube channel of Steve Mun Group | Silicon Valley Realtor

Whether you're settling into Silicon Valley, considering a move due to job relocation, or exploring investment opportunities through a 1031 Exchange, my channel offers a wealth of resources tailored to meet your needs.

As a multiple award-winning agent with Keller Williams Silicon Valley and a Master Certified Negotiator, I'm committed to securing the best terms and financial outcomes for my clients.

Subscribe to my channel for your daily dose of real estate knowledge, market insights, a touch of humor to keep your spirits high, and activate the notification bell to never miss a video! 🔔

---------------
📲 Follow Steve Mun Group | Silicon Valley Realtor on social media!

TikTok ▶️   / stevemungroup  
Instagram ▶️   / stevemungroup  
Facebook ▶️   / stevemungroup  
LinkedIn ▶️   / siliconvalleyrealtor  

🖥 Ready to find your dream home or sell for the best price? Visit the Steve Mun Group website and the website showcasing our latest listings here:
https://www.SteveMunGroupListings.com
https://www.stevemungroup.com

🌴 Looking to Buy, Sell or Invest in California? ☀️
➡️ DM, text or call 650-605-3188
Steve Mun Group
KWSV
01358433

---------------
#SteveMunGroup #SiliconValleyRealtor #SiliconValleyRealEstate #BayAreaRealEstate #SanJoseRealEstate #SantaClaraRealEstate #SanJoseRealtor #SanJoseLiving