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Author: sykesix Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59674  
Subject: Re: intercst a Homeowner Date: 10/15/2012 1:10 PM
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One thing I'm curious about - and to be honest don't completely understand - are "condo fees"? How much are they and what if they want to raise them to an unreasonable level? I don't think I'd like the feeling of being held hostage by a condo association? What if they are a bunch of greedy snooty people who aren't as cheap/frugal as I am? I guess the answer to that one is "if I have to worry about it I'd probably best never get myself into that predicament."

The fees pay for maintenance of all the common areas, which usually includes the building exteriors.

You're fears are real in that your fate becomes connected to the condo association board, which is often composed of power mad and irrational people.
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