guest blog by Donie Vanitzian, JD
THE TAO OF TERRITORIAL RULE
Each newly elected board establishes its own dynasty and conquers the membership anew. In a real dynasty, mistakes in an emperor’s judgment might lead to the downfall of the regime. But not here. In an association environment such mistakes might systematically be ignored or recur at great cost to owners, but the board goes on. One would think owners would be tipped off once they recognize that the worse the mistakes get, the more forgiving the membership becomes. But owners miss warning signs.
This is a preview of
The HOA: Dynasties of Dysfunction (part 3 of 3)
. Read the full post (1089 words, estimated 4:21 mins reading time)
guest blog by Nila Ridings
Condo owners in Chandler, Arizona are finding themselves under water, lots of water!
Irreplaceable family photos and damage to items stored in their garages, such as cars, are not their problem, says the HOA. The insurance company for the HOA says it’s not their problem, either. And the condo owners didn’t carry flood insurance. Whose problem is it? Well, it looks like that is going to be decided in lawsuits. (Oh! Here we go again!)
Regular readers of this blog know that I’ve preached from the street corners that an avalanche is coming which will send the American housing market into a massive tailspin. Billions of dollars will be lost and won. Ultimately, individual homeowners will be the big losers.
Remember the refrain? An avalanche starts with just a tiny imbalance, a molecule of ice falling from the crest of a snow ridge. But that tiny chip can hurl millions of tons of snow down a mountainside. Living in Colorado, all of us who love the outdoors have to be wary of this potential killer.