To: Donnafrflorida
“I believe HOA was 1300 a month.”
HOA fees of $1300 per month per unit aren’t sufficient to accumulate the millions of dollars in reserves needed to fund a proper maintenance program on a building of this size and age.
37 posted on
06/26/2021 6:44:43 AM PDT by
Soul of the South
(The past is gone and cannot be changed. Tomorrow can be a better day if we work on it.)
To: Soul of the South
There were 136 units in the Champlain Towers. That adds up to over $2.1 million per year. Obviously you have to adjust for inflation but over forty years that’s a lot of money.
To: Soul of the South
I was merely posting what I read.
50 posted on
06/26/2021 6:55:37 AM PDT by
Donnafrflorida
(Thru Him all things are possible.)
To: Soul of the South
HOA fees of $1300 per month per unit aren’t sufficient to accumulate the millions of dollars in reserves needed to fund a proper maintenance program on a building of this size and age. Just wait until the Green New Deal forces everybody into high-rise condos near the electric train stations - government certainly isn't going to carry out proper maintenance on the hamster cages at that kind of price and events like this will become commonplace.
59 posted on
06/26/2021 7:08:39 AM PDT by
Mr. Jeeves
([CTRL]-[GALT]-[DELETE])
To: Soul of the South; All
HOA fees of $1300 per month per unit aren’t sufficient to accumulate the millions of dollars in reserves needed to fund a proper maintenance program on a building of this size and age. 154 units at $1300 a month is $200,000 a month or 2.4 million a year.
How much was spent on maintenance?
61 posted on
06/26/2021 7:11:12 AM PDT by
marktwain
(President Trump and his supporters are the Resistance. His opponents are the Reactionaries. )
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