Quote:
Originally Posted by Hemi-Cuda
I've owned a condo for 16 years (that we finally just sold) and I never got hit with a special assessment in that time. And that's with some hail damage to the building's roof and a water heater that broke and caused some flooding in the parade. My condo fees were always higher than other friends that were in condos though, so do higher fees end up offsetting special assessments? I'm assuming that meant the condo management company had a decent slush fund
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It’s possible you struck gold and owned in a perfectly managed/funded building and the higher fees covered the incidentals. Or you’ve just got a horseshoe up your butt, either way I advise you purchase many lottery tickets.