Comments on: Seattle Condo Litigation; Bad News for Buyers

By: Belltown Court, Seattle, Washington « fuckedarchitect

Belltown Court, Seattle, Washington « fuckedarchitect — Mon, 10 Jan 2011 21:06:11 +0000

[...] And all the lawsuits around this building’s design and construction are certainly enriching the lawyers. But sustainable? For Hewitt, sustainability is definitely somewhere off in the future: this [...]

By: Jeff

Jeff — Fri, 20 Nov 2009 16:27:12 +0000

Peckhammer-

Your correct; HOA dues do go up. The fear with litigation, is that legal fees (in the case that the association loses) would drain the reserves and start an immediate increase in dues or assessments to make up for it. When she found a project that paid HOA dues through 2011 and the project had some sustainable sales success, she felt more comfortable taking that step. She also felt that there was less risk of an immediate increase as well.

Thanks for contributing I hope you do again soon.

By: Peckhammer

Peckhammer — Fri, 20 Nov 2009 14:42:41 +0000

“she found a much better new construction unit without … the fears of future increases in the HOA dues”

How is this possible? HOA Dues are tied to utilities, insurance, maintenance, etc. These costs move in one direction: up.