I forget which country singer delivered that line, but I do want to pass along some lines to readers of this blog.
There’s another good article on the national HOA scam that’s making its way around the country. This one is published in Naked Capitalism and it discloses what I’ve been saying for years: Homeowners Associations DO NOT protect your property values!
In fact, the column by Yves Smith says while the national housing market is improving, the HOA market is going the opposite direction. Improper foreclosures, declining revenue from dues, underfunded reserves are slamming residents of Homeowners Associations.
And yes, more and more Americans are learning about HOA Amerika. My ongoing prediction: Things are going to get a lot uglier on the HOA side of the wall.
(link to Naked Capitalism story)
