4 ms·

But don't condos tend to involve HOAs, which are often overpriced and corrupt? I swore off renting and HOAs many years ago. But for city life, there's not muc

But don't condos tend to involve HOAs, which are often overpriced and corrupt? I swore off renting and HOAs many years ago. But for city life, there's not much of a choice, absoulutely.

Ericson2314 1y ago
Many HOAs do suck, but density unfortunately does require greater coordination amount residents. Either the residents do it themselves, or the landlord does it. Single stair allowing narrower buildings side by side ameliorates them problem though, in that the units of coordination are much smaller.
- more_corn 1y ago
  Having a hoa fee also changes your mortgage math.
- gizmo686 1y ago
  Or the local government does it. Which is one of the reasons HOAs took of. Local governments realized that they could avoid work if they required developers to created HOAs to take care of that pesky local governance.
gizmo686 1y ago
It is far more common for HOAs to be under priced and neglected. They are run by elected volunteers (from member homeowners); and approximately no one wants to volunteer. What everyone does want is lower dues. When combined with the minimal effort that goes into running most HOAs, this tends to cause them to reduce dues by neglecting maintenance and emergency reserves. Then, when the bill comes due, they need to issue a large special assessment to cover the cost.