I sold my condo in Fort Lauderdale three years ago after my husband died.
At the time we were paying $525 in HOA fees. It was a 3 story complex on the intracoastal and very well maintained. A month after he died I got a bill for an assessment with more to come. I sold the condo in 2 weeks for a nice profit.
Right now the condo fees are $1900 a month. No one will be able to sell at this point.
I count my blessings I got out when I did
HOA fees are getting ridiculous. I was on condo board in Illinois for 18 years, president for 3 years. I know in detail how management companies waste money.
Just one example, management wanted owners to spend $250,000 for a new roof. I found a roofer who fixed the leaks for $10,000.
I like living in individual home. I only pay $80/month for use of clubhouse with pool & gym and common areas.
And it is quiet, no smokers in building, no dogs barking, no constant car traffic noise.