As condos and their owners age they often don't want to - or don't have the means to pay for major repairs or put enough into escrow accounts for capital repairs. (biggerpockets.com)
Watch out for special assessments for capital repairs and improvements to common areas. (homebuying.realtor)
Also, if the Mayor hadn't repeatedly refused to fully fund the MTA's capital repair plan and short change the subway system, commuters would be in a much better place. (ny.curbed.com)