Bahama Mama! OUCH!

There probably isn’t a tourist in history who’s visited a resort in Mexico or the Bahamas and hasn’t been approached by a hyped up HOA salesman. You can buy a condo in La Paz, or an apartment in a proposed new resort in the Bahamas for pennies on the dollar. It sure is tempting with all that warm sun and salty air.

But beware! As bad as American HOAs are, they don’t compare to the problems you face when investing your money in another country.

Homeowners and developers are at odds in the construction of Oceania Heights, a ‘luxury’ vacation paradise in the Bahamas. A Bahamian attorney and a Canadian zillionaire are behind the project. The operable phrase is the ‘troubled’ project. It’s at a standstill with hundreds of thousands of dollars being bled out of property owners for legal fees, and what-zit fees, and whatever other money has to be passed back and forth under-the-table.

Hundreds of vacationers threw their money at the proposed resort homes. But Oceania Heights just can’t seem to get itself built.

If you think HOAs in America are plagued with problems, wait until you’re dealing with an HOA in a third world country.

Why, oh why, oh why?

http://tinyurl.com/mkxbk2t

 

Please follow & like us :)

About

Ward Lucas is a longtime investigative journalist and television news anchor. He has won more than 70 national and regional awards for Excellence in Journalism, Creative Writing and community involvement. His new book, "Neighbors At War: the Creepy Case Against Your Homeowners Association," is now available for purchase. In it, he discusses the American homeowners association movement, from its racist origins, to its transformation into a lucrative money machine for the nation's legal industry. From scams to outright violence to foreclosures and neighborhood collapses across the country, the reader will find this book enormously compelling and a necessary read for every homeowner. Knowledge is self-defense. No homeowner contemplating life in an HOA should neglect reading this book. No HOA board officer should overlook this examination of the pitfalls in HOA management. And no lawyer representing either side in an HOA dispute should gloss over what homeowners are saying or believing about the lawsuit industry.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.