I’m really beginning to regret getting tangled up with our #HOA board.
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I’m really beginning to regret getting tangled up with our #HOA board. For one thing, it’s a complete dysfunctional train wreck. Nobody really seems to know what they’re doing. And I now know more than I ever really wanted to. There is some serious maintenance that urgently needs to be done because of water damage over time in the complex, and the funds in the #HOA bank account amount to roughly one-fifth of what these repairs will wind up costing. I don’t know if there has been serious mismanagement over a long period of time or what, but the HOA is seriously underfunded. So, right now, the only option is piecemeal options, like slapping a BandAid on an open sucking wound. Meanwhile, the erosion continues. The only viable option is to raise everyone’s HOA dues to probably more than double what we’re paying now. Not only would that prove untenable for us, but I suspect it will be the same for others in this complex, and if/when that happens that will make this house pretty close to unsellable. Gosh, adulting can be so much fun! So for now we just continue on, with the sword of Damocles hovering over our heads. Sometimes I think there’s such a thing as knowing too much.
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I’m really beginning to regret getting tangled up with our #HOA board. For one thing, it’s a complete dysfunctional train wreck. Nobody really seems to know what they’re doing. And I now know more than I ever really wanted to. There is some serious maintenance that urgently needs to be done because of water damage over time in the complex, and the funds in the #HOA bank account amount to roughly one-fifth of what these repairs will wind up costing. I don’t know if there has been serious mismanagement over a long period of time or what, but the HOA is seriously underfunded. So, right now, the only option is piecemeal options, like slapping a BandAid on an open sucking wound. Meanwhile, the erosion continues. The only viable option is to raise everyone’s HOA dues to probably more than double what we’re paying now. Not only would that prove untenable for us, but I suspect it will be the same for others in this complex, and if/when that happens that will make this house pretty close to unsellable. Gosh, adulting can be so much fun! So for now we just continue on, with the sword of Damocles hovering over our heads. Sometimes I think there’s such a thing as knowing too much.
@Thumper1964 Yes, this very thing can often be a huge problem with HOA's. Everything is a trade off. I sometimes think about selling and buying a house, but, as you know, that also has its share of disadvantages. I've come to realize every living situation has trade offs, no matter what it is.
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I’m really beginning to regret getting tangled up with our #HOA board. For one thing, it’s a complete dysfunctional train wreck. Nobody really seems to know what they’re doing. And I now know more than I ever really wanted to. There is some serious maintenance that urgently needs to be done because of water damage over time in the complex, and the funds in the #HOA bank account amount to roughly one-fifth of what these repairs will wind up costing. I don’t know if there has been serious mismanagement over a long period of time or what, but the HOA is seriously underfunded. So, right now, the only option is piecemeal options, like slapping a BandAid on an open sucking wound. Meanwhile, the erosion continues. The only viable option is to raise everyone’s HOA dues to probably more than double what we’re paying now. Not only would that prove untenable for us, but I suspect it will be the same for others in this complex, and if/when that happens that will make this house pretty close to unsellable. Gosh, adulting can be so much fun! So for now we just continue on, with the sword of Damocles hovering over our heads. Sometimes I think there’s such a thing as knowing too much.
@Thumper1964 I see I posted that reply from the wrong account.
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I’m really beginning to regret getting tangled up with our #HOA board. For one thing, it’s a complete dysfunctional train wreck. Nobody really seems to know what they’re doing. And I now know more than I ever really wanted to. There is some serious maintenance that urgently needs to be done because of water damage over time in the complex, and the funds in the #HOA bank account amount to roughly one-fifth of what these repairs will wind up costing. I don’t know if there has been serious mismanagement over a long period of time or what, but the HOA is seriously underfunded. So, right now, the only option is piecemeal options, like slapping a BandAid on an open sucking wound. Meanwhile, the erosion continues. The only viable option is to raise everyone’s HOA dues to probably more than double what we’re paying now. Not only would that prove untenable for us, but I suspect it will be the same for others in this complex, and if/when that happens that will make this house pretty close to unsellable. Gosh, adulting can be so much fun! So for now we just continue on, with the sword of Damocles hovering over our heads. Sometimes I think there’s such a thing as knowing too much.
@Thumper1964 I suspect that that kind of thing is common with HOAs. My complex needed new siding a few years ago, and the HOA had around $100,000 in cash reserves, nowhere near what the siding would cost. I think that the previous HOA President was hesitant to raise dues and thought that we had sufficient reserves, and raising dues is never popular anyhow. We ended up having a special assessment which, luckily, the owners approved. So I ended up needing to pay an extra $29,260 to the HOA. (There were financing options available through a loan that the HOA took out.) Organizing it took years, though. But you all might want to do something like that. I’m sorry that now you’re stuck having to deal with it.
