Quote:
Originally Posted by BroadHopper
The above hold true to any 55+ association with rules written more than a decade ago. 'The new 60 is 40' is the buzzward of the AARP crowd. Condos should adopt the rules to accomodate the 'baby boomers' not the 'Geritol' generation.
Many of the units that were for sale came off the market and became rental properties. Condo rules forbid rental units yet they do not take a stand fearing they will not get their fees. Money talks! A number of units fell into foreclosure and the lien for condo fees were waived. This hurt the association as many of the owners don't want to pay for the hit.
According to the realtors, the above scenario is caused be strict condo rules. The condo association was told time and time again to change the rules. The old fuddy duddies refused to listen.
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Us old Fuddies average about 40-50 yrs of age. We did listen and I guess we didn't like what we heard,