If it’s any consolation, I’m in an 8-unit owner-occupied condo rn and my kitchen ceiling collapsed last week because the HOA refused to fix a roof leak for almost two years. So now what should have been a couple hundred dollar roof patch is thousands of dollars coming out of my HOA payments.

It’s really interesting that rent can only raise by a small amount each year there. I’m rolling around in my head whether that would work in the US. What happens when the assessed value of the property raises over the years and causes the taxes to skyrocket? Do the landlords just sell the place in that case? I could see that being a good way to keep the market moving and give people a chance to enter owner-occupied homeownership.