Have you noticed over the past couple of years how more and more news media outlets are doing HOA stories? It’s a trend that will continue growing as HOA boards and management companies become more abusive. In fact, when the HOA bubble bursts in the coming housing collapse, HOA homeowners are going to be screaming about their vanishing home equity. They can’t complain that we didn’t try to warn them.
The NBC affiliate in Atlanta is the latest station to become a little more aggressive. Here’s the link to their story.
(link to 11Alive story in Atlanta)
I would note, however, that they’ve been sucked in by the CAI lie that the vast majority of homeowners are satisfied with their Homeowners Association experience. Any random poll of people on the street would show a HUGE amount of dissatisfaction with the local lawn Nazis. Just stop people on the street and ask. There’s no poll-rigging on that survey!
Yes, I agree! We need to change the laws on HOA. They do not and cannot protect your home from devaluation. There are no studies that backs that having an HOA in your subdivision can prevent your home from devaluating. We need to come together and rally a cause for our government to eradicate HOAs or limit the power that are given to the people who govern our subdivision. It is a voluntary position and most people who are willing to take on the responsibility of governing are power hungry and are no qualified for the position.
Helena,
You are 100% correct. What state are you in? We need to get you connected to the HOA Reform Warriors in your state. If there are none….Welcome Aboard, you’re it!
Nila