Re: Questions about Reserve Amounts | <– Date –> <– Thread –> |
From: Sharon Villines (sharonsharonvillines.com) | |
Date: Sun, 8 Jul 2018 11:30:13 -0700 (PDT) |
On Jul 8, 2018, at 2:16 PM, Bob Leigh <bobleigh [at] twomeeps.com> wrote: > > How have other communities coped with the argument that current residents > should not have to contribute to a new roof that they might not be around to > use? Because a dilapidated property won’t sell and is expensive to live in. The reserve fund is actually named a Capital Reserve Fund. It is designed to preserve your capital — your investment. Every time something is not repaired or repaired cheaply, the value of the property goes down. No one (smart) moves in and those still there can’t afford to move because they can’t get market prices that would allow them to move. Who would move into a community that needed the roof replaced and had no savings to do it? A buyer should see a reserve study that informs them how well the condo is funded and whether they have done the things needed to properly maintain the property, and whether the HVAC is about to go out but there is money to replace it. Money to replace should also include enough to replace at or above current market expectations. We are saving for our own futures. Sharon ---- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
- Re: Questions about Reserve Amounts, (continued)
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Re: Questions about Reserve Amounts Philip Dowds, July 8 2018
- Re: Questions about Reserve Amounts Joseph Wheeler, July 8 2018
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Re: Questions about Reserve Amounts Sharon Villines, July 8 2018
- Re: Questions about Reserve Amounts Bob Leigh, July 8 2018
- Re: Questions about Reserve Amounts Sharon Villines, July 8 2018
- Re: Questions about Reserve Amounts Muriel Kranowski, July 8 2018
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Re: Questions about Reserve Amounts Philip Dowds, July 8 2018
- Re: Questions about Reserve Amounts Dick Margulis, July 8 2018
- Re: Questions about Reserve Amounts Ann Zabaldo, July 8 2018
- Re: Questions about Reserve Amounts Sharon Villines, July 8 2018
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