u/Spare-Sentence185

Feels like a lot of HOAs are basically paying the price now for trying to keep dues artificially low in the past.

The problem is that avoiding smaller increases for years usually catches up eventually. Insurance goes up, maintenance gets delayed, reserves fall behind, vendors cost more and then communities are stuck with huge increases or special assessments that hurt way more.

Are you all seeing this where you live too? More gradual increases, or communities waiting until things become a crisis first?

Saw this come across the news this week and it caught my attention. Minnesota passed a reform bill after roughly two years of resident pressure, focused mostly on reserve fund disclosures and special assessment notice rules.

Curious what people here are actually seeing:

• Are reserve fund disclosures getting more scrutiny from your board lately?
• Are you seeing more collection issues or pushback on assessments than a year or two ago?
• For anyone in MN specifically, what's the real sentiment on the reform bill? Worth it or watered down?

Trying to square what the macro data is showing with what's actually happening inside communities.