$200K HOA Assessment: A Condo Owner's Worst Nightmare

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Timecodes
0:00 - Introduction
0:17 - Click the like and subscribe button!
0:46 - Louise Leydon Park overlooking Doheny Beach.
0:54 - At the park to be in the middle of The Dana Bluffs Neighborhood
1:10 - Just hit with an HOA assessment in the range of $200,000 dollars!
1:25 - Some Owners don't have $200k
2:32 - History Of The Dana Bluffs Neighborhood.
3:07 - Values should be over $3 Million but aren't due to having no agreement on the assessment.
3:27 - Opportunity to buy condos under the post upgrade value
3:52 - Insider footage of the buildings at the HOA meeting.
4:05 - Values will be over $3M after renovations are complete.
4:20 - This is the time to buy, DON'T sell if can. HOLD OUT!!!
4:42 - The same situation is common in many other areas of California - Dana Bluffs is an illustration of the opportunity that exists!
5:15 - Costs of all types are up because of inflation.
6:00 - Retired people have limited budgets and hurt the most by inflation!
7:57 - The operating Fund and the Reserve Fund - What's the difference?
9:13 - Weather and erosion of the coastal environment is reason such a high assessment is needed.
9:52 - Homes that boarder Dana Bluffs start at $4.5 Million and their views are not as good as the condo views!
11:05 - A Home Equity Line Of Credit might be a good solution for those without $200k.
11:45 - The future outlook for those in trouble.
12:53 - Experience is valuable.