Loans vs assessments
Why HOA Boards Should Stop Saying 'We'll Just Do a Special Assessment'
A provocative shareable take on the HOA special assessment vs loan decision. The phrase 'we'll just do a special assessment' is usually a tell that the board has not run the math, has not surveyed owners, and has not modeled the long-term consequence. This post walks through what the phrase actually means in practice, the math nobody ran on a typical $1.5M building envelope project, and the equity question current owners owe future ones. Ends with the exact line every board should put in their minutes.
