A new change is on the horizon for California homeowners: Assembly Bill 2050 now requires HOAs to maintain 30-year financial reserves. This means that if a homeowners association’s reserves dip into the negative, they’ll need to transfer 15% of their annual budget each year to rebuild those reserves. As a result, many could soon see higher HOA fees or even special assessments—which is something to be mindful of if you’re weighing the affordability of your next property. I always keep a close eye on how legislative shifts like this one could influence both current owners and those searching for a new home. My goal is to ensure clients are informed and prepared, so they can make the best decisions in a changing market.
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