Our guest blogger, Deborah Goonan first wrote about this HOA several months ago. But it’s so nightmarish and such a good example of how damaging HOAs can be to your mental and financial health, it’s worth dragging out again. These homeowners in a collapsing HOA in Virginia’s Historic Triangle will never be able to solve their problems.
Homeowners who bought into Riverwalk Townes are beginning to learn how stupid they were. Just a few years old, the Homeowners Association is suddenly deciding that fundamentally bad construction cannot be corrected by suing the builder. Now they’re having to turn to York County to see if their unfinished subdivision can be finished at taxpayer expense.
Street lights don’t work, roads are unsafe, drainage systems are falling apart. The roads aren’t properly crowned so rainwater flows down the middle of the streets, two foot wide trenches crisscross yards which actually isn’t a bad idea if you’re a fisherman looking for worms.
But the real worm is the developer, Gary Sheppard of Sheppard, Hale & Associates, now one of Virginia’s most well-respected builders.
Didn’t anyone warn these homeowners that they were stupid to buy into the HOA concept?
Wouldn’t our founding fathers be proud? So proud.
(link to Riverwalk Townes building fiasco)
