Quote:
Originally Posted by badrunner
Those ridiculous HOA fees make condos a depreciating asset, especially in markets like Florida, where you may also get hit with a one-time special assessment for maintenance in older buildings. Buyer beware.
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In theory, higher HOA should lead to smaller chance of special assessment, if the board is doing things correctly.
HOA's have been increasing a lot in the last few years because suddenly contractors/materials had gotten a lot more expensive. At least that's my read of my condo building's budget (which has increased HOAs in anticipation of future elevator work...)