Talk of The Villages Florida - View Single Post - Condo owners hit with $100,000 assessments!
Thread: Condo owners hit with $100,000 assessments!
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Old 08-14-2024, 06:49 AM
Rainger99 Rainger99 is offline
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The front loaded financial shock should settle in a few years. Hey we pay a bond, they have to pay a similar cost for the structure they live on and in.
A lot of retirees do not have an extra $100,000 lying around to pay an assessment. In the past week, people here were complaining about a 56% hike in district 14. As far as I can tell, no one had a $1000 increase.

And the highest bond I have seen here is under $75,000 which is payable over 30 years. It is unclear whether the condo assessments in the article can be paid over 30 years.