Really! Ask any promoter of the HOA system about the national epidemic of board members and property managers embezzling from the neighborhood budget, and they’ll swear that it’s rare…so rare, the average homeowner needn’t worry about such a thing.
It’s true that prosecution of HOA embezzlers is rare. Prosecutors know it’s expensive to charge HOA embezzlers. They know that embezzlers get incredibly light sentences from judges. Steal a million bucks and get 18 months in prison? Hey, such a deal! So, prosecutors’ attitudes toward victims is, “Well, if you don’t like it, why don’t you just move?” Where’ve we heard that before?
But with every embezzlement story, property values in HOAs across the country go down. Maybe just a little bit, but how can property values go up when there are so many HOA embezzling and racketeering stories?
Folks, if you think this country isn’t in bad, bad trouble, you’ve got your head someplace it really doesn’t belong.