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Metropolitan DC Local Politics
Reply to "There is no housing crisis in MoCo or most of the DMV for that matter "
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[quote=Anonymous]he economic incentives for cost-effective operations and long-term maintenance are also bad for owner-occupied condo/apartment communities. People have minimal incentive to properly maintain their condo buildings when and there tend to be a lot of expensive amenities that most people do not use. Builders include expensive amenities because they help sell units, but this is an overall net-negative for most owners. However, there is always a Karen who is consistently involved with HOA meetings (who uses the expensive amenities daily) and votes against any cost-saving measures. The buildings eventually become blighted property and become a drain on the community. It becomes nearly impossible to demolish the building because it is exceedingly unlikely that a super majority of owners will vote to tear it down. https://www.youtube.com/watch?v=4NRFmaVHJxM [/quote]
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