› Flat Chat Strata Forum › Levies and Unit Entitlements › Does your sinking fund cost you money › Current Page
When you say:
I personally think strata loans are a more equitable form of raising finance and they are probably less likely to scare the horses.
do you mean fairer than, say, a special levy?
Could you explain why you that is?
While it does spread payments out over a longer period of time, it does mean people end up paying more. in the case of our building it would be close to an extra million in interest. Unsurprisingly there’s quite a few people who would prefer to avoid that.
I suppose it’s like buying a house – few of us can pay for a house up front but can afford regular payments over a couple of decades. Maybe I’ve just answered my own question?