kcowan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Coop boards turn over too. My cousin bought a nice condo downtown, invested inside in her place, and trusted the board to look after the common areas. The new board took over and hired a lawn service company to replace old Harry, upgraded the common areas with bright lighting systems and modern furniture. On and on, replacing cost effective common solutions with expensive upgrades. Eventually her fees were double ($800), and she was forced to sell at a loss. The new board was dominated by DINKs who could afford the higher costs.