General Discussion

Old Crank

(7,161 posts)

77. Nonsense

Sun Apr 19, 2026, 03:48 PM

11 hrs ago

Board members are elected and serve with no pay. Perhaps some expenses. Elected by the owners of the development.
The HOA I was a member of had to bring a full accounting yearly to the membership. Including all exterior maintenance, garbage, community water, road repair and maintenance, club house and pool. Estimates for the next year's budget. Estimated on major repair work to structures, roofs and paint and their potential cost. Plus keep a reserve fund for emergencies and major repair work. Without a reserve fund assessments have to be levied.

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marybourg

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Florida Condo owners stuck with homes no one will buy as they wake up to grim repercussions of new laws [View all] BlueWaveNeverEnd Saturday OP

If minimally adequate safety regulations are ruinous to a property/business situation RockRaven Saturday #1

I agree w/ you! SWBTATTReg Saturday #6

The problem is Old Crank 11 hrs ago #76

As it should be MichMan 10 hrs ago #79

I know Old Crank 10 hrs ago #81

"Soaring HOA fees - which averaged $135 per month in 2025." Tell me that's a typo... PeaceWave Saturday #2

The linked article lists fees of $3,000 a month, $2,000 a month, etc. IronLionZion Saturday #8

Yes it must be wrong. That is a very cheap HOA fee. Irish_Dem Saturday #9

You are correct. The article mentions HOA fees are going up drastically because of the need to fund structural repairs. John1956PA Saturday #28

Wow can you imagine taking such a big loss? Irish_Dem Saturday #30

I corresponded with a nice lady who bought (for a very reasonable price) a home in Palm Coast during the "trough." John1956PA Saturday #36

It was a big gamble though, right? Irish_Dem Saturday #40

That lady was a risk taker. I could tell you more about her adventures. John1956PA Saturday #45

If she lived in Florida I am sure she had a lot of adventures. Irish_Dem Saturday #51

The great recession saw a lot of that nation-wide IronLionZion Saturday #38

Vultures always love a nice tragedy. Irish_Dem Saturday #41

Squatting enid602 Saturday #53

It will be lovely until you get thrown out on your ass. Irish_Dem Saturday #56

Guthrie enid602 Saturday #60

Yes I see that online. Irish_Dem Saturday #61

HOAs are an extortion racket... GiqueCee Saturday #24

Right! It's much better to stuff the pockets of a landlord marybourg Saturday #27

Thank you! BlueWaveNeverEnd Saturday #33

I can only relate a coworker's experience... GiqueCee Saturday #42

Board members, just like congress members, stand for election marybourg Saturday #54

So you have no idea what you are talking about Hassin Bin Sober Saturday #57

You just repeated what I said. GiqueCee 18 hrs ago #68

Pretty much every planned development has an HOA. Old Crank 11 hrs ago #78

Hoa board members are NOT paid. Fees go to shared expenses like water bill and insurance premium BlueWaveNeverEnd Saturday #32

Not to mention pool upkeep, the building roof/sidings/painting etc EX500rider Saturday #46

yes. power bill for outdoor lighting, repaving of roads, an endless list BlueWaveNeverEnd Saturday #58

I'm in one jmowreader Saturday #48

Nonsense Old Crank 11 hrs ago #77

In little ole Montana they are as much as $300 to $600 a month and more for luxury condos. ratchiweenie 12 hrs ago #73

No surprise. Aristus Saturday #3

Central Florida was a paradise PCB66 Saturday #7

Anyone who has ever tubed down the Ichetucknee or bird watched at Myakka or waded the green waters of Longboat Key lostnfound Saturday #23

You left out "Walkin' Lawton". Lawton Chiles. Lochloosa Saturday #55

Thank you! You are right. Nt lostnfound Saturday #64

Flat. Hot. Bugs. Invasive creepy crawlies everywhere. Brimming with "Florida men" and "Florida women" paleotn Saturday #14

Yes, a "hellhole", please do not move here, it's terrible! EX500rider Saturday #47

What kind of fish are in the first picture? jmowreader Saturday #49

The mammalian kind not fooled Saturday #52

West Indian Manatee EX500rider Saturday #65

Sunshine? Ugh! The worst! Aristus Saturday #59

Sad... EX500rider Saturday #66

Not for me. Aristus 18 hrs ago #70

This is exactly what makes me nervous JBTaurus83 Saturday #4

The laws in Florida that allowed this are pretty unusual. In most states there are pretty strict Scrivener7 Saturday #39

What really gets me here is that no one is sharing any of the responsibilities for this whole mess to begin w/, SWBTATTReg Saturday #5

Hi-rise condos are a fundamentally flawed concept Random Boomer Saturday #63

Wise words on your part. I am wondering if two friends of mine, originally located here in STLMO, who had SWBTATTReg 13 hrs ago #72

Is the problem that they just put off or avoided repairs JI7 Saturday #10

Absolutely. Same thinking in 'Murica since raygun not fooled Saturday #50

Does this mean they can't afford to buy a second home in WNC? Hope, hope. Wonder Why Saturday #11

Or in SC. raccoon Saturday #18

You mean North Florida? No big. Wonder Why Saturday #20

The rush to build pfitz59 Saturday #12

As a third generation Floridian who moved out Hey Joe Saturday #13

You were lucky to have experienced it as a child. slightlv Saturday #16

I was a kid there in the late 50s and the 60s The Blue Flower Saturday #22

It's going to make for a very interesting REO/foreclosure market at some point. flvegan Saturday #15

Not all Fla condo's have this problem. I live in a well run association in west central Fla. When one goes up for sale mitch96 Saturday #17

Agreed..this situation applies to a certain type of condo in a certain area BlueWaveNeverEnd Saturday #37

My mother's building in SFLA has been extremely diligent forever about funding their reserves. But, there are buildings Raftergirl 11 hrs ago #75

400k assessment..wow! BlueWaveNeverEnd 9 hrs ago #85

A couple from our NY synagogue lost their 2 sons at Surfside Danmel Saturday #19

That is terrible Alice Kramden Saturday #26

How very sad.. unimagineable.. mountain grammy Saturday #29

Omg..how sad BlueWaveNeverEnd Saturday #34

It'll all be underwater soon anyways JoseBalow Saturday #21

Well, it was... GiqueCee Saturday #25

Sadly yes, probably much sooner than most think mountain grammy Saturday #31

Straight out of a John D. MacDonald novel. nt Susan Calvin Saturday #35

In the next decade the cost of living in FL is going to drive out middle class residents. flashman13 Saturday #43

Disney has lots of parks worldwide Amethyst Ring 20 hrs ago #67

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How The Reagan Revolution Collapsed America & the Florida Condo Norrrm Saturday #62

I imagine insurance is playing an outsized role as well Ruby the Liberal 18 hrs ago #69

This was entirely predictable after Surfside genxlib 16 hrs ago #71

Another problem is popsdenver 11 hrs ago #74

Corporate owners should NEVER be allowed buzzycrumbhunger 10 hrs ago #80

Haven't almost all apartment complexes been owned by corporations for many years? MichMan 10 hrs ago #82

It's not just condos anymore buzzycrumbhunger 10 hrs ago #83

Too late popsdenver 6 hrs ago #86

Painful but necessary regulations WarGamer 9 hrs ago #84

Boy, Ron De Santis is going to really like this! MrsCheaplaugh 5 hrs ago #87