The story linked below is more than confusing. But I’ll try to boil it down.
A dishonest developer (imagine that!) creates a planned community with all its customary HOA rules, doesn’t provide the promised amenities, goes bankrupt the day before going to court; now the community is stuck with HOA regulations and dues created by this creepy developer.
Welcome to HOA Amerika.
Kenneth and Linda Anderson developed the Arcadian Springs Village Property Owners Association in Andersonville, Kentucky. Now dozens of homeowners are whining that they got duped. They didn’t get the Utopian neighborhood they dreamed of.
Yup. You got duped from the second you heard the phrase “Homeowners Association.” You should have run away from the Realtor. You should have demanded that the Realtor only show you homes OUTSIDE of Homeowners Associations. Now you’re stuck with covenants, controls and restrictions, created by a dishonest developer, that will be there forever. And you’ll be paying dues forever on amenities that will never exist.
That’s the way it works, folks. Utopia was a fictional paradise in the mind of Sir Thomas More in his 1516 book about a magical paradise on a gorgeous island in the middle of the ocean. His dream of the ultimate future society was just that. A dream. You can’t have a Utopian society unless every member of the community is brain-dead.
Then again, to buy into a Homeowners Association with all the negative stories out there… you’ve gotta be brain-dead.
I’m just sayin’.