“Though the mills of God grind slowly, yet they grind exceedingly small, though with patience He stands waiting with exactness grinds He all.” -Friedrich Von Logau (“Retribution”)
Many of us have dreamed of having that condo on the beach in Hawaii. You know, the one you get to visit a few times a year, the ones where the kids go when they want a break from work.
Now imagine what life is going to be like for folks who live at Ne Nani Kai. Jim and Nancy Bevill, as it’s reported in the Molokai News, have just been awarded 3.87 million dollars. The jury found that the HOA board of directors and its employees have been engaged in a course of racketeering, civil conspiracy, gross negligence, intentional infliction of emotional stress along with a host of other crimes.
Guess who pays that four million bucks? The Bevill’s neighbors. Guess what happens now? Other HOA members are going to start coming forward and claiming they were victimized by the same kind of HOA thuggery.
Folks, you’ve got to believe that the HOA industry is right on a verge of a moral, emotional and financial collapse. Crimes committed by HOA thugs have been going on for far too long and the civil and legal establishment is starting to recognize it. (Actually, to put it more bluntly, a whole bunch of lawyers have suddenly decided to switch sides, stop defending the national Homeowner Association Movement and search for new profits defending the victims of these crimes.)
As an HOA homeowner you’re a sitting duck, not just for abuse, but for the financial ramifications of HOA abuse handed out to others.
I’ve been right in all my other predictions. I was one of the first to warn people to avoid buying into the Las Vegas market. I warned of Florida, and Texas, and the Carolinas. Now I’m warning about the HOA/condo market in Hawaii.