Another Wonderful Discovery

I’ve concentrated far too heavily on the term “Homeowners Association,” using it as a generic term for HOAs, Condo Associations, Property Owners Associations, co-ops and all other forms of private government housing. But that means I’ve neglected to pay special attention to co-ops, the kind of housing agreements that are more common in New York than German Cockroaches.

(Sometime, remind me to tell you the story of how I was almost arrested for sex assault on a Times Square elevator! Yes, it involved a woman and a German Cockroach. Some things aren’t funny until much, much later.)

In ¬†any event, Habitat Magazine is designed for New Yorkers who live in the parasitic environs of the ‘co-op.’ And they suffer along with the rest of us.

It seems that a New York prosecutor has suddenly discovered that fraud and embezzlement occasionally happen in New York co-ops. (Editor’s comment: “Duh.”)

They haven’t named the suspected management company, yet. But New Yorkers might someday discover what those of us in ‘fly-over’ country have known for years. YOUR ASSOCIATION IS CORRUPT!

Sad to say, but if you confer on some uneducated board member shmuck the ability to drain the co-op account, what in tarnation does that mean? It means your HOA board member is an embezzling shmuck! It’s the most unreported felony in the FBI crime stats! But New Yorkers are really just as stupid as the rest of us. They talk faster than we do. But they’re still just as stupid.

(Habitat Magazine’s article on co-op embezzlement case)

 

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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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