#hoa-fees

#hoa-fees

South Florida condo owners face financial pressures due to steep special assessments, mandatory reserve requirements, mounting HOA fees, insurance costs, and a cooling market for sellers.

Sky-high home prices in the New York City suburbs aren't the only obstacle: Many condos also come with daunting and non-negotiable homeowners association fees. Luzzi worries that even if he can afford to buy a new home, he won't be able to keep up with the unpredictable communal costs.