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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It feels like a scam , the fees never add up to the real maintenance cost it's always way over[/quote]

Who would be perpetrating this scam? [b]Where do you think the dollars are going?[/b] Every penny is accounted for in annual budget statements and reports to the owners, and a board of owners (that could include you if you volunteered) is running things. If the board doesn’t like the management company they have hired to implement things like distribution of parking passes, they can switch to a different company.[/quote]

They are often going to useless projects or unnecessary or counterproductive repairs. It's not literally a scam. However, those fees are often exorbitant, they can be several thousand dollars each month. [/quote]

Owners get the budgets to review before they are approved. Speak up if think there are useless projects. The equipment in buildings is much harder to maintain than in the past and parts are more expensive. [/quote]

you obviously sit on a HOA board. people speak up at those meetings all the time. but the board does their thing anyways. yes, if you don't like it, you can run for a seat etc. but that is a lot of hassle and the question, why is all that necessary? why are board prone to waste and poor decision-making? no wonder only a very small fraction of americans (less than 10%) owns a condo (compared to SFH and townhouse). people hate this crap.[/quote]

Np. Or it’s someone who’s familiar with the actual costs of [b]hiring licensed and insured companies for maintenance work, having additional parts purchased and on hand due to ongoing delays and shortages, and obtaining good insurance due to the current climate[/b]. If you neglect any of these—and they are expensive—the association and residents will likely end up dealing with a much more complicated situation down the line, and then the special assessments could become burdensome and even untenable. [/quote]

and the great thing when you don't live in a condo anymore (after having 10 years of this nonsense) is that you don't have all those 87 layers of security. you can prioritize and do what actually needs to be done, by whoever makes most sense.[/quote]

As an independent homeowner, yes, you get to decide the level of risk you’re comfortable with.[/quote]

That's exactly why its good to have options of condos, townhomes, coops and rentals.[/quote]

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