Anybody dumping HOA properties?

[/u/anonymous895478]

I have two townhouses with HOAs. One of them is getting a special assessment to cover a deficit in the exponential increase of the master insurance policy for the association. The deficit is like $900,000 and we’re responsible for like $2,500. The property manager confirmed that next year, our monthly maintenance will increase, at a minimum, by that amount. Our monthly maintenance fees will probably be $850-$900 (they said it’ll increase due to inflation naturally). It was previously $550 and my mortgage is $1,500.

We’re selling asap and going to make the jump to a SFH.

Anyone else seeing this trend and going to dump and run?

submitted by /u/anonymous895478
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Anybody dumping HOA properties?
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