Sorry I wasn't very clear. In a condo, you have shared assets like a roof and stairs and a front door and elevators. If they fail is a huge problem for everyone

Sorry I wasn't very clear. In a condo, you have shared assets like a roof and stairs and a front door and elevators. If they fail is a huge problem for everyone. In an HoA, you don't really share any VITAL components. You might all contribute to the upkeep of a park or a pool. But if the park or the pool are neglected, you can still live in you're home. You're actual home is self contained and yours alone.