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

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.