A conundrum is a riddle or puzzle. Many homeowner associations established over 30 years ago now face the conundrum of replacing common elements they were not planning for nor have the money to pay for. While HOAs commonly have responsibility for the replacement of roofing, things like plumbing, wiring, siding, concrete and streets are often not included in reserve planning since they were considered to have much longer lives than 30 years.  But after 30 years pass, suddenly that window is not only cracked, it’s wide open. On buildings older than 50 years, replacement of, elevators, wiring and plumbing is more likely and a hugely expensive repair.     Read the article………………