The American legal system is the best, we’re told. Point out one that’s any better!
Well, I could certainly point out a number of other legal systems where the tort industry isn’t so rampantly out of control. The impossible cost of paying for medical malpractice suits, for example, has persuaded a lot of doctors to get out of their chosen profession. And it could very well be a driving force behind the move to Obamacare, a program which current polls say has only 12 percent support of the American public.
Ultimately, though, HOA tort lawyers are destined to kill the “goose with the golden eggs.” Rampant embezzling, harassment lawsuits and foreclosures can only lead to one thing: Mortgage companies will stop lending to homeowners in HOA Amerika. If U.S. Bank, Bank of America, or Wells Fargo are paying attention they’ll discover that loans are riskier inside Homeowners Associations. They’ll find that property values are not protected in the typical HOA. When that happens a lot of high-priced HOA lawyers are going to be looking for jobs at the local 7/11.
One can only hope.