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Home for the Duration
HOW TIMES HAVE CHANGED!
Problems affecting community associations, however, are not
solely financial. Often problems that have financial consequences
originate with other matters. For example, some associations
may have financial problems because many of their owners consider
their residence in this association temporary. Consequently,
dues and reserves may be kept unreasonably low and may explain
the lack of owner interest in being involved or participating
in association decisions and business. Many owners may truly
believe they will only reside in their condominium for two
or three years, so why not defer the reserves, maintenance
and other problems to someone else. Many of these same homeowners,
however, often end up extending the intended short duration
to many years. Moreover, many community associations may not
have developed sound policies or practices for dealing with
people problems, especially difficult people or major expense
items.
It's the place we call home. We must protect our property
and our investment!
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