Originally Posted by Fuuma
Originally Posted by imatlas
It's more like a condo association fee. Covers cost of maintenance, insurance, shared utilities, any amenities like a pool or a gym. Larger buildings have really high insurance rates, which drives up the fee.
I'm talking about houses here.
See my answer above. Lower and mid developments often have community spaces like tennis courts, pools, and clubhouses that need to be paid for. Higher end ones have private roads (which need to be maintained) and often have loads of open space that needs some care. Remember, money is often used to buy space, and community open space needs a structure for its care or you get tragedy of the commons type stuff.