So your point is, you pay rediculous high and ever rising HOA to maintain lawn/yard of empty/abandoned houses during drepression?
You have not get my point yet. HOA in Serrano should not cost more than $70 IMO. It is a rip off!
It's a rip off because it costs more than you think it should? I think a Ferrari should cost $30K. Does that make it a rip off at $220K, or does it just make it more expensive than I'm willing to pay? I would love it if it was $70 a month...or $10 a month. It's not, though. Personally, I don't consider it to be quite a rip off at current levels, considering what all they do with that money. I do think that they could take steps to save money while still providing most of the same services, though. Hopefully that will happen.
It will be interesting to see how the HOA responds to the financial crisis, if they do at all. I wouldn't be surprised if they see mounting pressure to trim things down. I know that I have personally written them on this topic as it has pertained to items that they've considered at previous meetings.