Category: Replacement reserves

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 2, use of power

3 August, 2011 (09:05) | Condominiums, Homeownership, Maintenance, Replacement reserves |

By:David A. Smith    [Continued from yesterday's Part 1.]   Yesterday’s Yahoo Finance-inspired post explored how homeowners’ associations – which represent an astonishing one-fifth of all American homes – act like horizontal condominiums, with a legal entity owning common space and an elected board making decisions that affect the whole complex, most notably what to […]