My HOA Protects My Property Values!

Well, Bunky, that’s the biggest lie you’ll ever hear.

Several years ago, I warned all of you about the pending crash of the Las Vegas housing market. It happened exactly as I predicted. At the heart of the problem is the government’s reliance on Homeowners Associations to perform traditional government functions and services. All HOA contracts are corrupt at their core. They were a flawed model from the start, and what’s going on in Las Vegas foreshadows what’s coming for the rest of the nation.

This neighborhood collapse will continue. With what’s going on politically right now the future is set in stone. You don’t have to be a Nostradamus to prognosticate. Flag this date and this blog post. And come back to me five years from now and tell me I was wrong!

(link to investors fleeing the Las Vegas housing market)

 

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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.

1 thought on “My HOA Protects My Property Values!

  1. Cynthia

    Ward, you are 100% right! This is very sad, but very few have wanted to listen and most continue to turn a deaf ear! Especially, elected officials, investigators, law enforcement and state and federal housing agencies. Sometimes, some banksters are right along side those HOA/COA/POA (HOA) board members, or others abusing HOA homeowners and setting them up to become homeless, stealing equity and all. Those originating housing loans in HOAs across America should be held just as accountable as any HOA board, or CAM, or other involved in their criminality. The banks/lenders guarantee these documents via any title search involved in the purchase of an HOA property and this is why there is title insurance. The banks/lenders should be required to disclose the truths about the mandatory HOA associations at are present on the deeds in the way of CC&R’s, etc. that are deed restrictions on the real property. I believe it is deceitful (and possibly illegal) for them not to, especially, since the HOAs are acting as invisible mortgagors with no defined amount (any amount, or amounts can be made up, simply fabricated, at any time during the home buyers time of ownership in the HOA) and I believe this violates lending laws! It is sad and discouraging to see all this happen in American housing and to American homeowners for sure! Thank you for your incredible expertise, advocacy for HOA homeowners and home buyers and your “voice.”

    Reply

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