US CONDOS; ENTERING AN ERA OF RECORD-BREAKING SPECIAL ASSESSMENTS (SERIES)

Large buildings such as condos buildings were built to need major repairs around years 30-40.

FACT: 50% of all condo buildings today were built 30 years ago!!!!!!

FACT: Fewer than 30% of all condos across America know how much it is going to cost them to repair or replace the components required because fewer than 30% have done a reserve study, which also means...

FEWER THAN 30% OF ALL CONDO OWNERS KNOW THE TRUE VALUE OF THEIR CONDOS because they could be hit with some large assessments that will come right off the top of that value if they need to sell!

This is why we are seeing special assessments of $140,000 to replace pipes in buildings where the condos average $700,000 in value, just one of many examples I could share with you on a weekly basis. This series will share some of the most recent across America.

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