Aspen’s (CO) government housing projects are falling down

Since the government-set prices are so far below market value, there’s no doubt that the sellers will receive that price in full. Whether the houses are in tip-top shape or falling down, the selling prices will be the same so there’s no economic incentive to maintain them. Indeed, the homeowner association reserves established by the residents of the projects for ongoing maintenance are only 22 percent of what is necessary. The maintenance that the other 78 percent is supposed to pay for is simply left undone.    Read the article…………..


Related Articles

Condo association laws need a Legislative fix

Legislators are often criticized for failing to predict the manner by which market permutations might nullify a law’s intent. Such

Construction defects bill would tackle this vexing problem by trying to control insurance rates (CO)

Every year, Colorado legislators pledge to tackle construction defects reform, and every year it doesn’t happen.  Democrats and Republicans swear

Colorado construction defects bill opposed by groups it is designed to help

A bipartisan bill described as getting to the “heart” of the construction defect litigation issue saw widespread opposition Wednesday from