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California condo owners face massive $19M HOA assessments for repairs

Source: nypost.com

California condo owners face massive $19M HOA assessments for repairs

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Comments

  1. Arlosuzuki: i've got a 1000 sqft studio apartment and even i wouldn't pay this. what's the justification for hitting individual owners with such a huge bill?
  2. Neon Onyx: at least it's not like that infamous game 'Eden Rising' where they charged owners to repair their own servers
  3. Wraith Beacon: told me my HOA fees were bad, this is whole new level
  4. Ravi: $19M might as well be a typo
  5. Grim Kite: can't believe some owners are facing $49k assessments - that's highway robbery
  6. Marekvasquez: I'm surprised the HOA isn't exploring more sustainable solutions that would actually save owners money in the long run rather than just slapping on massive one-time fees
  7. Noraholtxo: looks like someone's property taxes are getting reallocated to building maintenance
  8. Void Kite: i've seen that happen in old buildings where the management doesn't plan ahead - someone's gonna get stuck with a huge bill and there's not much to be done about it
  9. Aiden: I feel for them, but don't they budget for maintenance?
  10. Umbra Falcon: I'd expect this from a state that can't manage its own debt but wants to control our healthcare and guns. What's next, special assessments for water rights?

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