Don’tcha Just Love It!

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)

 

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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.

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