Category: Homeowners associations

Month in Review, August 2011

28 September, 2011 (09:03) | Cities, Homeowners associations, Month in review, Subprime, Tenure, US News | 1 comment

[Previous Months in Review available here: Jul 11, Jun 11, May 11, Apr 11, Mar 11, Feb 11, Jan 11]   By:David A. Smith   No duh!   At times, one is just agape, as I revealed in a little everything not forbidden is mandatory tale from the concrete command post at 451 Seventh Street […]

Prove yourself worthy: Part 2, simple economic actions

9 September, 2011 (09:00) | Co-ops, Condo fees, Condominiums, Credit check, Homeowners associations, Income verification, New York City, Theory |

[Continued from yesterday’s Part 1.]   By:David A. Smith   Yesterday we heard stories of procedural torture offered by some condo-buyer applicants who found themselves undergoing grueling examinations of their financial situation:                Now what do I have to do?   The tenor of the New York Times piece reciting their tales of woe fully […]

Prove yourself worthy: Part 1, complicated economic words

8 September, 2011 (09:39) | Co-ops, Condo fees, Condominiums, Credit check, Homeowners associations, Income verification, New York City, Theory |

By:David A. Smith   We bond in tribes, and before we admit the stranger into the tribe, he must undergo a trial – a test both to prove himself worthy in our sight and to demonstrate his commitment to our tribe.    Are you good enough for 215 East 80th Street?   Those who will […]

The war between the estates: Part 3, abuse of power?

4 August, 2011 (09:15) | Condominiums, Homeowners associations, Homeownership, Maintenance, Replacement reserves |

By:David A. Smith   [Continued from yesterday’s Part 2 and the preceding Part 1.]   As we saw in yesterday’s Yahoo Finance-inspired post on homeowners’ association, living in proximity means power is concentrated in a few, and that the resulting authority is used, including enforcing against the residents:   By order not of the government, […]

The war between the estates: Part 1, concentration of power

2 August, 2011 (12:04) | Condominiums, Homeowners associations, Homeownership, Maintenance | 4 comments

By: David A. Smith   Tension always follows when people live together, whether as roommates, lovers, extended families, in a co-op, a condo, or a homeowners association – and as urbanization increases American cities’ density, these more complex physical forms are increasingly the norm, bringing with them complex financial forms of shared obligations clashing with […]