RE HOAs and road repairs.
My development is about 24 years old. I've lived here for 4 yrs. In a heated discussion with the property manager recently about something else (landscaping) he told me that in 5 yrs the roads would need to be re paved. He said "they (b of d) doesn't know where they're going to get the money". I said "you mean you, as the management company, haven't counseled them the save the money over these 24 years?" No answer. Believe me when the time comes, if I still live here, I love my house, I will not be paying the full assessment for repairs. I will pay 1/3. They can lien me over a cliff... I don't care. If they repave in 5 yrs the development will be 30 years old and I will have lived here 10 yrs. I'm not saying the first occupant of my house should pay for the road... I'm suggesting that the B of D learn to plan for the future and save just a little bit year over year. Ah. remind you of something we're going through right now.... debt ceiling, budget, credit. Really living in the moment, not good.
