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I believe the OP has a Law Degree but was never took/passed the BAR Exam, so she is not a lawyer. She is just one that dabbled in the law. If I am correct, does that not say volumes about her "state of mind"?
Thanks for clarifying - it was confusing as most lawyers have a better command of the language than she (starting with not constantly misusing you're and your and on up from there) and certainly have a more lawyer-ly perspective/knowledg than OP.
SOOO frustrated. I never understood why so many people are advocates of raising condo fees. I have mentioned to them a zillion times that condo fees should not be raised because they determine the amount of money you get for your unit. But somehow they either don't care or refused to do anything about it.
There seems to be about 50% of the population that seems to expect the condo fees to be high. While I would like to reduce them. It isn't that I can't pay it... it just is that it makes the condo more competitive and unit prices higher. This isn't just for a sale but also for the amount of money your home is worth. (home equity etc)
Also, if there is one condo development in the area that has an outrageous condo fee, they will always want to match that condo... no matter what. It doesn't even matter what the budget looks like. We have a decent budget but they always want more.
I am so tired of fighting them.
Save yourself. Perhaps, you should step down and afford someone else the opportunity to handle the position.
The OP has a problem. He/She is under the impression that low reserves will increase the value of his unit. Not True, which any real estate broker of a few years experience will tell you. The units no one want to buy, are those with almost no reserve, and the chance of a big assessment on each unit if a big problem comes up. The only way to sell one of those, is cut the price to the point you will take the risk of a big assessment.
He is fighting board that is doing things the right way, and holding sufficient reserves so no assessments will be needed. It reminds me of the old story of Don Quixote and his battle with the windmills.
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