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Where Old Condos Go to Die: End of Life Outcomes

/ Owner - February 28, 2023

In 2005 we published a treatise entitled “The Uncertain Future of Common Interest Developments.” We worried about the inability of condominium boards to fund reserves for future repairs and maintenance. In addition, political pressure from individual owners was keeping assessments artificially low. While this pleased the then-owners, it underfunded reserves and robbed future owners of the resources for long-term maintenance.    Read the article………………………..

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