Lien, foreclosure threats add anxiety over insurance-driven condo fees

[@sleepyvtek9]

HOA.. specially condos are just crooks. never get a HOA!

[@alexgray8804]

Insurance companies need to be put in check

[@jautele49]

That's crazy! I feel bad for all those that are stuck in this situation. 😢

[@JILOA]

Sounds like extortion to me.

[@Truckngirl]

Do you not see this is a property grab? You will own nothing...

[@gregh7457]

insurance co's aren't grabbing property, they're grabbing $

[@Wisdom808]

No man, pay attention, it’s not about the money- it is about the land grab. The WEF has already stated that “you will own nothing and you will be happy”. Fact.

[@gracetou8963]

Exactly ,it is a evil plan.

[@TMiller808]

Wow. Just going right for it, no shame.

[@rryan8005]

More reasons to leave Hawaii

[@ForrestWerts]

This is where the insurance companies make up for the Maui fire. We knew this was coming. 😢

[@lesliepropheter5040]

In Tahiti, the local natives were jealous of the ones who lost their houses to a hurricane, those victims got new houses …of course, the French Govt gave things like motor bikes and schooling on the mainland but all limited issues.

[@joephillips7612]

No this is completely added on for no reason to drive people out so they Chinese can come in and pay 3x value like in Vancouver.

[@CaptainHowdy-c3y]

Never buy a condo, childrens.

[@zippy2641]

"You will own nothing, and be happy"... raise your hand if you think this is a conspiracy theory.

[@LonnieBrewer-dd4wi]

It's not a conspiracy theory..

[@Wisdom808]

Documented fact. People don’t want to know the truth.

[@hapahaole9819]

This is not fair!!!! Hawaii's high cost of living, and now this! It hurts the retirees a lot, who are on fixed incomes

[@null1808]

Too bad; Move. All of the boomers lived and enjoyed the most prosperous time in the US ever to date; and didnt bother to save enough. Not our problem.

[@UncleDavesKitchen]

@@null1808 exactly which generation can afford this?

[@bblwarrantydepartment981]

This is the answer

[@hapahaole9819]

You are missing the point! There's foreclosures involved too. Once that goes in your credit report, can't buy or rent a house.

[@teinetoa0416]

@@null1808you move.

[@its-all-good]

The new "American Dream" is to rent a studio or one bedroom apartment.

[@CaptainHowdy-c3y]

I rented a studio in Waikiki for 2 years. My landlord increased the rent 4 times. When I asked why it kept going up, he said that he had money problems. Like, really? No shit. So your problems are now my problem. What a tool.

[@its-all-good]

@@CaptainHowdy-c3y Plenty of studios always. You should have put in your notice and packed up. If he had money problems I’m sure he didn’t want you to leave. He played you and won.

[@KeepRowing247]

I left Aiea in 2013, rent was $1600. I can’t imagine what it’s like to live there now. Although I could walk to the mall and the waffle place but my gosh if it were now, I’d have no money to enjoy myself there

[@knguyen6061]

It's time to create a new insurance business model Homeowners insurance is a lifetime, survival necessity, not a commodity .Create non profit insurance institution like the regional credit union, where everyone joins in to share the risks.Rates regulated by the state to insure price stability.

[@HwnDragon1]

That’s why many locals are leaving!

[@CaptainHowdy-c3y]

I bought a house in the mainland for what a parking space or storage unit costs in Honolulu.

[@teinetoa0416]

That’s what they want us to do.

[@glennkawagishi9194]

Insurance is a pilau business.

[@eloahnon4952]

It really is.

[@onekewlbraddah8460]

Look at how old that grounds are. Where is the money going????????

[@anonobot3333]

Insurance spiked during covid too. my vegas unit hoa fee increased about 20% because of the general inflation spike. It'd probably be up to the state commission of insurance now....

[@kolomonasmith7500]

If you have a property with HOA fee’s, condo association fees and maintenance fee’s you don’t really own anything.

[@sheldonamante9498]

Who's responsible for creating this problem? Insurance companies? Why?

[@jmak18x2]

the Govt better do somthing fast

[@CaptainHowdy-c3y]

They are gonna swoop in a buy those properties. Sit on it for a couple of decades, then develop it into something no one needs while the homeless population increases exponentially.

[@mikethompson3534]

I have no faith in our Hawaii government

[@frankwenos641]

Rip off

[@eloahnon4952]

Yet... pilauticians are getting raises to sit on their elemu and do jack while locals and kanaka are struggling. Opala

[@marioahu5000]

Put the insurance companies out of business if they can not cover the losses...let new insurance companies come in.

[@rubyannr6898]

😂😂😂😂 Florida already tried this. The companies left. Your government had to beg insurers to come to your state.

[@geoleo2597]

“The market is moving in a positive direction “. What market? For the insurance industry? Yeah they’re happy to fill their already fat pockets. But what market are they referring to here. It’s vague statement. It’s not like insurance companies will go broke. These increases are just plain greed. And they’re just upping their profits margins is all

[@rubyannr6898]

Of course insurance companies can go broke. What are you? Five?

[@gavannoelles6389]

Remember when we were warned about addressing global warming, but were told it was too expensive to make changes? Welll take a look at this... is it still expensive? The deck is stacked against you. One way or another insurance companies will get paid. They will make record profits. If they can't make that happen, they will just pick up and leave. The Government should intervene and provide insurance coverage at a profitable, buit reasonable rate. This will stop insurance companies from jacking up their prices.

[@kawikajones9436]

The government is never the solution. Keep thinking that way and they will eventually, totally own you. As for the man made hoax of "man" caused global warming. Still isn't one past model that has been proven true. You are being sold a bill of goods. Follow the money and see who is profiting on all these "Green" programs! Hint: Look at your own government officials to start with. Demand to see their financial/bank records. Instead of man trying to change the climate, we need to adapt to what's coming. Climate change happens in cycles and we are at the end of the last ice age so yes, it will be getting warmer but you won't be around when it is even 2 degrees hotter (world temps) than it is now. You nor your children nor grandchildren nor your grandchildren's grandchildren also won't be around when the seas rise a foot higher than they are now.

[@gavannoelles6389]

@@kawikajones9436 And yet the program I suggested was implemented in Florida years ago and is successful. Stop worrying about the government so much and instead worry about the corporations that skew the system to their benefit.

[@robinperronjones5024]

The standard “greed” culture of the US corporates.

[@MRW15]

Wow, that is very concerning for condos owners. Add more stress to parents with children and elderly😢

[@MS-ty8eq]

increases as a direct result of them having to pay up for Lahaina. All of Florida gets screwed on insurance rates when there are hurricanes and floods. The whole state gets screwed. And that goes for auto insurance too.

[@willieahyee738]

Us Hawaiians never ask for nothing but our lands back🤡💤and you keep destroying it🫵🏾😈💤 we have a right to live here✊🏾it’s our HOME🐚🎶🎶🎶🫶🏾🫡

[@UncleDavesKitchen]

How on earth could the average resident afford that, it's like an additional mortgage payment every month.

[@8Bitretro]

Val and her colleagues should help the constituents with their fat raises. All talk and no action. Worthless leaders

[@lesliepropheter5040]

Insurance companies are killing their own business

[@jaredsharethealoha]

Don’t worry build back better is working to the T, then the cackle will make it even more better.

[@CaptainHowdy-c3y]

The US currently has the #1 economy in the world. The Biden Administration can't just step in and cap insurance prices so we can all live happily ever after. It doesn't work that way. Get a grip on reality.

[@gregh7457]

what went up? hurricane or fire?

[@richard09able]

A phased in approach is something I would recommend for Florida, such as 10-30 % equity increase per year for each unit until condo reserves are at required levels, with 5 year max time to bring reserves to req level. For insurance allowing the option for no master policy could be allowed, imo, with increased reserves for major repairs…. I have more ideas than most lawmakers 😂😂

[@Golgibaby]

Drowning en masse. Conceptualizing the tangible reasons for the drastic siphoning is difficult to understand. Conceptualizing insurance and risk management/distribution is also a hard sell to cognitively accept. I'm legit having cognitive dissonance. What kind of quality of life is there in the marketed pitch is get or be privy to insurance whims when there is no seeming benefit? Like, you're actually suffering in housing insecurity in the name of managing risk? There is no win-win in this scenario. It feels more like a bait and switch. You're sold this societal dream of home ownership and a sense of security, and then you find that the actual impact and return on investment is potential homelessness. It's not even benign delusion. Bait and switch much? Like I was sold a false product and false promise? Is this fraud in the legal sense? Was there informed consent? Why does this smell like 2008?

[@CaptainHowdy-c3y]

Invest in a single or multifamily home that's not in an HOA. No one else but you calls the shots. Easy peasy.

[@aliinuijake5191]

Who is sending those letters? That’s a big jump from paying $600 a month to $1,800 a month!?!!! I’m thinking of this as a “Property Grab” to foreclose the house and selling it for a much higher price to earn profits. Such CROOKS!

[@Baebon6259]

1800 condo fee..bruh. That is my entire monthly mortgage for a SFH.

[@4Won4All]

Hoa’s suck

[@dubaiboy101]

WTF!!!!! THIS IS FKING CRAZY!!! This what yall get for being a loyal democratic island since yall became a state in 1959.

[@LonnieBrewer-dd4wi]

This has nothing to do with political party affiliation.

[@dubaiboy101]

@@LonnieBrewer-dd4wi this has everything to do with politics! ... look at new york, California. It's not just because this is an isalnd that things are expensive. It's most definitely politics. Like are we going to dismiss how governor josh green got $200 million in discretionary fund that he was able to use however he likes and then within just over a month Lahaina burned down and he didn't use ANY of that money to help them. This has everything to do with politics, it's not a conspiracy it's FACT! But most of people like you are so blind to these things because you'd rather live in a fantasy that they have created and curated for you to live in... again, is it no wonder that demoncratic states are the way they are and dealing with things like this.

[@LonnieBrewer-dd4wi]

@dubaiboy101 This has nothing to do with political party affiliation. Even if Green got that money it was used for other programs and no one knew that fire was coming. Look at the rhetoric you're espousing, a bunch of nonsense. Green is up for re-election in 2026, go run against him, let's see what you got.

[@tollbridgeahead1034]

On to Chico, California!!

[@chrispaul1117]

Condo.. Enough said

[@waynecmontgomery]

She is smiling like this is a good thing.

[@mikethompson3534]

Yes

[@jackiemansfield8325]

It is like paying a rent to live in your own property

[@thomasgriffith2953]

Lesson here: DON'T BYE IN HAWAII OR MOVE THERE!!!! 🤬

[@chrispaul1117]

Buy

[@shwnshts9469]

Told ya so

[@SeanWork]

Can't you vote away your HOA? I think that happened in my neighborhood in the lates 70s.

[@Moxe-]

They're trying to do some push back on it cuz some people are having to pay 2 Grand a month

[@jameshurley224]

Good luck, housing prices are dropping as insurance companies can't afford to pay hurricane victims and are leaving states...🎉

[@realdeal139]

This is a scam to push owners out and have investors/developers purchase the condos for cheap and develop the land

[@rush022]

Nah, rent out that home and go live in front of the state capital.

[@wd8085]

If you buy in a HOA community you get what you deserve. People need to start doing research how bad HOA's are.

[@nitroidhawaii6198]

Insurance agents are just Bookies...Bookies that you can never win against

[@justinjubin6380]

Bidenomics 😢

[@dorthymcbride3384]

HOAs need to be regulated or DISBAN THIS PRACTICE! UNFAIR PRACTICES TOWARDS HOMEOWNERS! GREED WILL NOT WIN!

[@DatAsianDude]

Honestly, people should just stop "owning" things they care to lose so that they can tell insurance companies to kick rocks. Condos are dumb. They are just rental units you "own." You can go on a wonderful trip every month with how much fees are included with a Condo.

[@TroyKahalehoe]

Work at the Hilton

[@dobbo7690]

And cut your hair, boy!

[@joephillips7612]

The man asked “who’s gonna but this condo? Who’s gonna pay for that?” The answer: Chinese. 100,000 Millionaires from China moved to Vancouver BC and tripled the real estate prices. Japanese yen is down and Chinese are coming in.

[@alexgray8804]

I’d rather rent

[@shwnshts9469]

Hey dumb dumb WHO TF do you think you are paying rent to?? 99% chance it's a condo owner

[@CaptainHowdy-c3y]

No risk.

[@gracetou8963]

Stealing your wealth

[@HM3Corpsman]

Remember all the homes taken from minorities???? Yeah I’m laughing this one up hard! F your feelings. This is quite entertaining. 😂😂😂

[@tinytim4657]

Who is Florida problem in their problem because they were never charged enough money to keep up with the infrastructure of their unit. Florida never inspected. condos and apartments and now they have so many collapses and starting to inspect them and require an inspection every couple of years, but that’s what is normally done to most condos. Florida was just being cheap so now they have the big bills because there were stuff that needed to be done years ago and the situation got worse got worse and the other they have to pay up. I do not like those taxable areas because this is what it

[@JohnS-gf4sz]

Give it up Joe and Gina, time for new faces...

[@supreme5998]

Who is new?

[@adonijah7774]

🤣🤣🤣