[DoubleF]

Condo boards are hit and miss. Mine is great. Sure, they jacked up condo fees every year for the last few years at maximum per bylaws because of a few serious issues that look like they may come up in about 5-10 years and they cluster####ed some landscaping a few years back, but as mentioned before by others, they're all volunteers. Luckily mine is populated with veteran condo board individual, unit owners who want to focus only on improving value of units and we even have real estate law experts on the board.

Special assessments right now SUCK. Per my condo board, all rates have doubled and even tripled because of price increases of contractors due to shortages (thus overcharging) from the June floods. They're holding out and crossing fingers that nothing goes super serious so that they can ride out this pricing bull#### before doing a special assessment on an elevator built in the 1970s. A big project is currently underway on our parking area, but that's all reserve fund covered so far. I was expecting something like $5k, but I guess after reading posts I should really spend time to put away a bigger portion until I know what the elevator will cost me. I tried asking at the last AGM and the board + property manager refused to give an answer on a ballpark even. I think even they are furious with the quotes they received and are currently looking for additional quotes. They seriously wouldn't even answer whether they thought it was a $500k job vs 2 MIL+ so I couldn't even estimate what my portion would be.

Always get to know the condo board. One thing my board was discussing (because they're pretty honest people) is the fact that they essentially get monopoly to make decisions because no one shows up to the AGM or meetings and thus they're the only ones who vote.