Re: Conversion to Home owners associations
The way I understand the situation is this. The developer has sold and will continue to sell all of the amenities. This includes golf courses, rec centers pools etc. Your monthly fees end up in the hands of the new owners who purchased these in groups. When the developer is finished and a HOA is formed regardless of who gets elected the homeowners will be responsible for many other items. Everywhere else that has an HMO the elected officials determine the monthly fee each year. Most of these people have no idea what’s going on and there is a huge turnover but the monthly fees seem to go up every year.
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New York City, Mission Viejo, CA, Webster, NY
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