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|User Info||Another Piece of the Housing ScrewJob; entered at 2023-01-23 08:26:59|
Registered: 2019-06-19 Alabama
I just saw a video about this about a week ago from a realtor that does walk throughs in Miami neighborhoods. He as commenting that some condo owners are starting to get notified that their HOA fees are going to go up my multiples of what they are now. He gave an example of one where the HOA fee is going to triple ($500 to $1500 I think). That's huge and will directly effect the value of the condos in those buildings. It's a strange situation since some HOAs have been well run and have plenty of reserves. I started to wonder if the HOAs that blew it can get sued by the owners for effectively reducing the value of their property?