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Real Estate
Reply to "I need to raise Common Charges Again - When do I tell People?"
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[quote=Anonymous][quote=Anonymous]that is a crazy high increase. People will not be happy. [/quote] I know. But there is zero Fraud going on. The condo is on a barrier island between bay and beach. FEMA Risk 2.0 is causing subsidized rates to move up 18 percent each year and my other insuance is up 100 percent in last five years. The running building is only $150 a month per unit. The insurance is like now $350 per month per unit. It is hard to explain to people that say all I get is lawn mowing, snow removal, gutter cleaning, sprinklers, outside lights, blacktopping driveways, powerwasking fences and painting railings etc for $550 a month when I raise it. When in reality they are getting all of that for $150 a month. It is the insurance that is killing us. We can see the Ocean and Bay from our sidewalk at same time. No insurance really wants us unless a lot of money . [/quote]
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