Homeowners associations are sometimes villains in the housing world, especially when they ask people for more money when they’re already paying a lot. In Bountiful, a city in Utah, residents of a particular condominium were told their monthly fees could soon rise to more than $800, local outlet KSL reported. That happens to be more than double what some are currently paying.
The notice from the homeowners association blamed rising costs of labor, supplies, and insurance, among others, the outlet reported. The condo’s property insurance apparently rose from $17,000 to $108,000 after its prior policy was canceled following a fire. “I do think it is pretty ridiculous that we all have to pay for that one incident,” one resident who has lived there for close to five years said. She called it horrible timing, too, because she just had to pay a hefty veterinary bill for her cat.
