|Re: HOA Dues Increase||<– Date –> <– Thread –>|
|From: Diana Carroll (dianaecarrollgmail.com)|
|Date: Fri, 5 Jul 2019 12:28:19 -0700 (PDT)|
Oh one other thing I forgot to mention. It was definitely touch decision what to include in which budget. In the end we settled on a dividing line that basically: if we could do without it and still continue living here, it goes in the condo budget. So, like, it’s not a realistic option to live somewhere without running water. The other thing we keep in the condo budget are items we are legally obligated to have based on our deed and declaration of trust, such as insurance. (Without those, no one would get a mortgage, and lenders/owners would be able to sue us.) On Fri, Jul 5, 2019 at 3:22 PM Diana Carroll <dianaecarroll [at] gmail.com> wrote: > FWIW, we have fully funded our cohousing target budget every year except > one, and that year it was only slightly reduced. > > What we really like about this is that it allows us to have nicer things > without feeling like we are harming our members of less means. So although > I gave the example of choosing not to buy a couch to reduce the target > budget, the way it works in real life is that people in the community with > greater means help us have the community we all want. > > Pledges for the cohousing budget range from $5 per month to over $200. > > Diana > > > On Fri, Jul 5, 2019 at 1:44 PM Sharon Villines <sharon [at] > sharonvillines.com> > wrote: > >> > On Jul 5, 2019, at 9:44 AM, Diana Carroll <dianaecarroll [at] gmail.com> >> wrote: >> >> > The other is our so-called “cohousing” budget. This covers expenses >> related to community that wouldn’t be part of a typical condo budget. >> Things like furnishings for the common house, fitness room and kitchen (and >> a small reserve fund for replacing those), social events/parties, >> workshops, community gardens, and so on. This is much more fungible than >> the condo budget — if we can’t afford/don’t want to afford a new couch, we >> can choose not to buy one. >> >> I know Diana knows this but others may not. >> >> It is also a choice but also affects the value of the property. The >> social events and workshops might be different — although condos also have >> seasonal social events and decorations, welcoming of new owners, etc. >> According to the Washington Post some even have coffee and pastries >> available in the lobby _every morning_ paid for out of the operating >> budget. >> >> Condos also have kitchens/party rooms, roof decks, exercise rooms, office >> space, etc. Things have changed a lot. All of our CH furnishings are >> included in our reserve study— we don’t have to do them if we choose not to >> but the money is there. >> >> The purpose of the capital replacement reserve is to preserve the value >> of the homeowners investment. If this isn’t done, people can’t sell at >> market price and buy somewhere else. Replacements are also done at the >> current level of technology so the facilities stay updated, not just >> replaced. “No one replaces a coal stove with a coal stove.” >> >> The only thing we have organized volunteer funds for were large items >> that were important to some and not to others: a Universal Gym and fence on >> the SE corner. For the 10th and 15th anniversary celebrations for catering. >> >> Sharon >> ---- >> Sharon Villines >> Takoma Village Cohousing, Washington DC >> http://www.takomavillage.org >> >> >> >> >>
- Re: HOA Dues Increase, (continued)
- Re: HOA Dues Increase Muriel Kranowski, July 7 2019
- Re: HOA dues increase Jessie Kome, July 8 2019
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