I don’t get it. We are bombarded with new laws being imposed to promote and encourage new condominium development but then a book entitled Escaping Condo Jail comes out explaining how condominiums are not the answer to the American dream because of the high risks involved. As soon as I read the book I’m sure I’ll have more to say on whether purchasing a condominium will be in my future. What do you think, evil or essential?
7 responses to “Are Condominiums Evil or Essential?”
Likewise, board members often expect special considerations for their “voluntary service” to the community such as being first in line for maintenance items. This cause strife among the owners. In addition, cliques can form that result in unequal treatment among all of the owners.
Similarly, the concept of “common element” non-partitioned property is foreign to most owners who view the area outside their unit as their personal property to do with as they please. They dislike architectural control boards and property managers and boards that dictate how they can use the property outside their front door. In part that is because the groups often become controlling beyond the point of being beneficial.
I think clear and concise covenants that are limited to the esthetics of the development are useful if there is also an effective means of enforcing these architectural and esthetics standards. But having the Association acting as a “general contractor” to maintain exteriors, etc. is simply inefficient and wasteful. There is too much favoritism and too little long-term planning.
I have lived in an HOA and in a neighborhood not governed by an HOA. If I had a free choice, I would opt to live in a non-HOA community. I have never seen any financial savings due to being a member of an HOA. What I have seen repeatedly is corruption, favoritism and wastefulness caused often by well-meaning boards that focus on their individual needs, but that fail to give sufficient attention to the needs of others within the community. These board members, in my opinion, seldom are as effective as the individual owner would be if they could take care of the areas surrounding their units.