US EditionColorado’s HOAs Are Getting Crushed by Insurance. Can Anyone Help? (Editorial)
Colorado HOAs face rising fees due to higher property insurance premiums driven by hail claims, wildfire risk, and a limited surplus lines market, with condo values dropping 12%, officials said.
2 Articles
2 Articles
Colorado’s HOAs are getting crushed by insurance. Can anyone help? (Editorial)
Homeowners association fees for people living in condominiums or other multi-unit dwellings have been increasing year after year — doubling one year only to go up again the next — and the effect is crushing. The fees make housing unaffordable, pushing out existing owners and renters, but the fees also cause property values to decline as would-be buyers balk at outrageous monthly fees on top of high housing prices. Fees increase for many reasons,…
Views from the nation’s press
The Denver Post on how Colorado’s HOAs are getting crushed by insurance: Homeowners association fees for people living in condominiums or other multi-unit dwellings have been increasing year after year — doubling one year only to go up again the next — and the effect is crushing. The fees make housing unaffordable, pushing out existing owners and renters, but the fees also cause property values to decline as would-be buyers balk at outrageous mo…
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