The Rossmore HOA is comprised of self serving board members. They have selfishly tried to maintain the value of their unit without concerning of others, and as a consequence they have decreased the value of everyone's unit in this building.
Hell broke loose after a flooding occurred in a few years back. The flood destroyed many cars down in the lower garage and costing the building a lot of headache and money. Then the HOA insanity started (or was it inevitable?).
They spent nearly $200,000 to create a flood gate in front of the building that does not work to effectively prevent flooding. The 2011 rain has destroyed lobby and the lower garage floor. The system is flawed and completely waste of money. To cover up the system not working from other residents, they started putting sand bags all around the flood gate system and building and have all the car removed from the garage during the raining. Who wants to buy into a building where you have to move the car out of your own garage every time it rains?
They hire an HOA manager who has a bipolar tendency using colorful words, knee jerk reactions, and lies to deal with problems. They basically hire an amateur who is not competent to deal with issues effectively. The manager is the window of this building and having that type of manager disrupts credibility to the building itself. They hire some contractors that charges fortune but they do it anyways because they are good looking. Really? Eventually, having the manager depreciates the value of this entire building.
HOA have been fining residents left and right. We can't explain here the detail examples because that may diverge who we are. But if anyone who is sane hears how they come up with those fines, it is not just ridiculous but outrageous. They are acting mafia and extortionists. Taking money away from residents will not resolve problems and creates rift between HOA and residences, and eventually makes all residents not want to participate with the BS, HOA. Thus the value of the building decreases as only incompetents run the show.
This building HOA (or associates) has been telling prospective buyers of condo unit that wood-floor will be approved for the rest of the building soon after they bought the condo (only 2nd floor units have wood floor). Believing what they say, people buy the units, but alas, they will never get approved of installing wood floor with the current HOA boards who only want to protect their unit values (majority of board members live in 2nd floor and all they have wood floor, so they don't care; and another has no money anyways, etc..). Their reasoning is that people need to think about the renters not leaving. Their reasoning of not allowing owners to install wood floor cost each unit owner not only the enjoyment of wood floor but $30,000 approx increase in resale value.
The building has super thin walls between each unit (you can hear regular conversation from next door) unless a unit install sound proofing walls. They have never told anyone when people buy this unit. Also, each unit's floor is super thin. If kids run, the down stair can hear the footsteps as nice thuds. When you buy a condo, a buyer must ask if a unit has employed an effective (how) sound proof flooring system. Without instilling effective sound proofing system, the value of building cannot be sustained.
This building units has water leaks damaging ceiling and all. This HOA has never told buyers about it.
HOA impose special assessment fee or increase due whenever they want. Recently, they jack up the HOA annual due by 20%. Which cost each unit owners another $25,000-30,000 in resale value. Rather than they fix their wasteful and incompetent spending (just like many politicians wanting to raise taxes), they punish the other residents.
This HOA runs this building like communist party. As residents, HOA board are punished by their own stupidities, but they should not try to drag others into their miserable or unsatisfied lives.
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