Housing: Priced-out homebuyers now face sky-high rents

[progree]

18. Watch out for the special assessments too -- some keep their monthly (or quarterly) fees low

but their expenses aren't low, so its one special assessment after another after another.

My regular HOA dues is $310/mo, and we're financially tightly managed by a volunteer board. But every 2 years is a special assessment to do certain maintenance projects -- and the every 2 years is planned. Then something really big comes along and its a really big special assessment.

Hopefully its the law that they have to give prospective buyers a history of their special assessments, and reveal anything like this every 2 years crap, which to me should be part of the quarterly dues. So as to not mislead buyers.