Paul Chernoff on Nostr: The condo I was in was fully funded, although one investor owner wanted to cut ...

The condo I was in was fully funded, although one investor owner wanted to cut reserves in 1/2 and depend on special assessments (he sold a year later).

I’ll be looking at moving from house to condo in 2 years. I will be looking at reserves closely. And a condo having such low reserves to have $60K special assessment is off. Remember that condo bylaws and reserves are set by the builders who want to make the condos attractive to buyers.