San Mateo Daily News: Pinched by fee hikes, condominium owners call for help
Fred Pilot sent this, which is yet another example of the looming private infrastructure crisis:
Posner's plight isn't universal, according to experts. But it's becoming increasingly familiar on the Peninsula, where the first wave of condo complexes are showing their age and many homeowners associations lack the money for repairs. The problem, many say, is a failure of planning by homeowners boards, whose members are not financial experts but average residents elected by their neighbors. Soaring construction and insurance costs aren't helping.