Anybody else struggling with Special Assessments for condos? Hurts to pay &4,600/month and then have a $65K/unit assessment added

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And a pool that has been closed for 5 years. It’s scam city

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Yeah our pool is closed is one of the contributors to the special assessment. Waiting to be evicted for being an unsafe structure

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That's horrendous. I've heard some wild stories where people really get stuck, some are retired and really don't have the resources to cope with it. They should have stayed in Ohio or wherever is what it comes down to. I've got an HOA which is like having the East German Stasi on my back, but it least the costs aren't life-changing.

Yes, the condo I currently rent was purchased by an individual from California a couple of years ago. Since then, the owner has been required to pay two assessments totaling almost $100K. As a result, he is already in the process of selling it. Many other residents are also looking to sell, but only a few mortgage applications are being approved. Almost all the sales are being made in cash.

One of the main reasons I never bought a condo. The regular monthly HOA fees are already insane. I could buy a damn nice car for those payments. Then special assessments on top of that? Wasn't gonna happen.

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