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, 06:55 AM
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Quote:
Originally Posted by Rainger99 View Post
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.
I agree, and the bond new buyers get here is pre announced before a financial decision is made. These condo owners are getting blindsided by the announcement and it’s financial impact.
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