3 ms·
One issue is that developers will often set an attractive low rate to sell the initial units, and it doesn't get appropriately adjusted as the building ages. Th
by pseudo0 5y ago
One issue is that developers will often set an attractive low rate to sell the initial units, and it doesn't get appropriately adjusted as the building ages. Then down the road, when expensive stuff (roof, elevators, etc) need to get fixed or replaced, there isn't enough capital banked and the fees spike dramatically.