The Supply-Chain Condo Conundrum

The article discusses the impact of supply chain disruptions on condominiums and their Reserve Funds. The global disruptions in manufacturing and distribution due to the pandemic have led to difficulties in obtaining materials, long lead times for projects, and rising costs. Condominium Reserve Funds, which are updated every five years to forecast future financial needs, are taking significant hits as material costs have increased since the last update. This situation is driving up condo fees or leading to Special Levy's, putting the burden on unit owners.