@dlowan,
Oh...for anyone following the dramas of the strata fees from hell and my need to move.
I finally found a place I liked on the weekend....but it was already under contract. Grrrrrrrrrrrr....
Meanwhile, if anyone recalls the other drama...that of the woman suing us (and, presumably, herself, since she is one of us) because she says her apartment is over-valued and hence her fees are too high?
We all received notice of a meeting to be held to discuss the results of a new a valuation. It's dynamite! It changes the numbers for a group of the apartments very significantly.....some by more than 25%, up and down.
The woman's place has been de-valued by more than than twenty-five percent....which certainly vindicates her if you believe the valuation.
Mine has gone up by one percent.
If we go with this valuation, I assume that a bunch of people get repaid a significant sum, and others have to come up with an equally significant sum! I'm not really happy if I have to come up with one percent of the thousands I have paid over the years...but imagine having to come up with more than a quarter of what you have paid!!!
This meeting is going to be something.
Imagine being a new buyer and walking into having to come up with a huge stash of money you had nothing to do with?