Subject: Re: New pedestrian gate
From: Michele Tittle (micheletittle@sbcglobal.net)
Date: Mon Apr 17 2006 - 08:23:55 CDT
My assessments went up this year... It was a small amount, but yes- they
did go up. When you are already paying 330+ a month in a building with no
doorman, no utilities, no common area (fitness, rooftop deck, etc)... trust
me, this is a lot and the number one issue faced when thinking about resale.
Put your unit on the market and the number one question you will answer is
"Why are your assessments so much?"
Food for thought considering I have lived here less then 2.5 years and this
is my second special assessment and I estimate in this time prior to my
moving, I will be hit for more then 10K over what I already pay a year- so
yes, there is a very clear budgeting and/or planning/forecasting problem.
~Michele
----- Original Message -----
From: "Mary Deskovich" <mdeskovich@yahoo.com>
To: <vanguard-talk@venus.soci.niu.edu>
Sent: Monday, April 17, 2006 7:36 AM
Subject: Re: New pedestrian gate
> Assessments have NOT gone up for two years. Evidently, they should have
because now, instead of spreading the expense which should have been
anticipated over time we will be paying it in one lump sum. And while an
average of $550 each is not that much, (Yes, I know that not all of the #550
is for the inspection) it's still aggravating to have to pay for something
we thought we were paying for all along. I certainly hope that the reserves
have been more closely studied now and it has been determined that we are
indeed putting enough away. Otherwise, once the next usual expected expenses
occur (roof, next critical inspection, painting, whatever) we will be paying
another "special", which is, by definition, supposed to be assessesed for
UNEXPECTED expenses.
>
> Also, compared to buildings with doormen, pools, work-out facilities, we
have a very low assessment. A condo in Skybridge the size of mine has an
assessment of $720/month which is twice mine.
>
> Mary
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