Info Bytes 09.29.22

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CIC Info Bytes are frequent, succinct updates that provide educational and engagement opportunities to help your community thrive!

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Final results of this survey will be published next week.  You’ll get to view preliminary results immediately after completion. 


Global Financial System in Turmoil… 

Dun dun . . . dun dun . . . dun dun dun dunnnnnnnnnnnnn!
10yr Treasury Yield Chart - 2010 to September 2022
Fixed Income & Bond Yields

?💣!    HEAD SCRATCHER   ?💣! 

1) Governed by Neighbors: Quote: Volunteer leaders are accountable to the neighbors who elect them.  That’s only true in certain associations where Board omnipotence and homeowner complacency has not taken hold.

2) Managed by Professionals: A significant portion of the 355,000+ common interest communities (CICs) in the United States, especially those that are 20 units or less, are not managed by a third party firm.  To wit: 43% of condominiums in Seattle are 10 units or less.  Even in managed communities, homeowners are constantly flummoxed by the actions and advice (and lack thereof) of their manager and management company.   This is the reason for writing Great Expectations! and creating tools like the CIC Governance Matrix.

3) Protect Property Values:- Have you ever seen a study (even a questionable one) proving the relationship between CC&Rs and property values in similarly situated neighborhoods?  If you know of such a study,  please  share it!

Resource Updates

Following last week’s update to our governance hierarchy diagram, we’re up to it again!  This time we’ve built an inverted pyramid structure intended to be even more intuitive.

Governance Hierarchy

Governance Matters

Remedies Limited by Ambiguity

Rage Against the Machine

Amendments of State Statutes NOT Automatically Incorporated Into Declaration / CC&Rs

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Homeowners | Volunteer Leaders | Managers & Management Companies | Vendors

A Note About Ukraine

The people of Ukraine are undergoing tremendous displacement from their homes coupled with loss of life, tragedy and suffering.  Considering the global landscape can help us gain perspective in our daily lives.

Support Ukraine
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