reply on: BuT, wHaT aBoUt ThE rOaDs? \ stacker news ~libertarian

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100 sats \ 7 replies \ @Undisciplined OP 3 Jan \ parent \ on: BuT, wHaT aBoUt ThE rOaDs? libertarian

Are the private roads part of an HOA?

Yes definitely.

100 sats \ 5 replies \ @Undisciplined OP 3 Jan

Interesting. Do you get a break out of how much they cost to maintain?

I don't live in those new developments so I couldn't tell you. I am not rich enough haha. Mostly occupied by people who lived in the city and now moved to our town to retire and have money either by success or dumb luck of buying a house 30 years ago for 200k that they sold for 2M because that's the going rate for a nice house in Toronto now.

All of those homes are over 1M. They are right by the lake and walking distance to the main street in town (walking distance for normal people who only want to walk for 5 minutes- everything in town is walking distance for me). I suppose I could find out what their total HOA costs are but wouldn't know exactly what is assigned for the community roads.

50 sats \ 3 replies \ @Undisciplined OP 3 Jan

There's a similar development near us, but I also don't know what they're paying for their private road. I was hoping for a nice middle class example of privately owned roads that would buck the stereotype.

482 sats \ 2 replies \ @grayruby 3 Jan

Closest thing I could find is info from a cottage association with private roads and it says road maintenance costs are 200-300 per year for each owner. But I don't know how many owners, roads, if these are winterized cottages or just summer only.

100 sats \ 1 reply \ @Undisciplined OP 3 Jan

That's probably a decently accurate magnitude for neighborhood roads. I think most of us would be willing to pay $300 to have roads in our neighborhood.

482 sats \ 0 replies \ @grayruby 3 Jan freebie

Absolutely. That's only 25/month. I used to pay upwards of $500 a month to drive on the toll highway in Toronto when I had my business and that was still a good deal because it saved me at least an hour a day.