There’s a pretty good column in the Atlanta Business Chronicle about how the financial meltdown has impacted condo owners. Foreclosures and walkaways hammered the budgets of HOAs, not just in Atlanta, but all over the country. This columnist claims the market has turned around.
But wait! Wait! Financial news on the international and national scale is not good. In fact it’s somewhat bleak. The next decade could be a financial home wrecker. Pray for the best, plan for the worst.
Still, the column linked below is worth reading
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(89 words, estimated 21 secs reading time)
For some odd reason, Homeowners Associations hate solar panels. The hate the idea of solar energy. They hate people who don’t hate solar energy and they’re willing to sue into oblivion any homeowner who dares put solar panels on his house.
In Louisiana Governor Bobby Jindal signed an act permitting solar panels anywhere in the state. But the Azalea Gardens Homeowners Association in Shreveport apparently feels the law doesn’t affect them. They may be right, since they’re considered a private non-profit corporation. HOAs traditionally think that they’re above the law.
There are thousands, possibly tens of thousands, of news articles about people who’ve been royally shafted in the American HOA system. There’s a very good article in today’s Fort Worth Weekly entitled “Hostage, Sweet Hostage.” It tells the story of a family who moved into a Texas HOA looking for security and safety. But an argument over a vehicle led to harrassment, fines, lawsuits and has cost this family their peace of mind.