I did a post on this sometime back, but a friend last night urged me to watch this documentary again and then blog about it. So here goes:
The Condo Game is a fabulous documentary about the condo market in Toronto and how unscrupulous developers are ‘scrupling’ the rest of us with their crookedness and irresponsible building practices. And Canadians are just as dumb as Americans as they purchase in these high-rise hellholes. HOAs on steroids and tens of thousands of people are beginning to see how badly they’ve been ripped off.
guest blog by Deborah Goonan (Independent American Communities)
How many times have we heard homeowners, Community Association Managers and attorneys lament about apathy in HOAs? A quick Google search on “HOA Apathy” results in dozens of articles on the subject. Few attend annual meetings, so there’s never a quorum. No one wants to serve on the Association’s board. Does anyone actually read emails, newsletters, or the website?
It’s fantastic news when an HOA board member is convicted of embezzling from all her neighbors. It’s horrible when the judge decides that probation is adequate punishment. Homeowners Associations are mini-governments that should theoretically be governed by the U.S. Constitution. Therefore, board members should be treated and considered as politicians. And an embezzling board member should be treated as a corrupt politician.
There’s a pretty good handful of politicians who’ve been sent to prison for corruption. Think ABSCAM if anybody remembers that one.
Millions of people around the world have opened their homes to Airbnb, the service that for a small price can find homeowners willing to share their homes for a brief time to travelers. It sounds like a wonderful idea. When a close relative of mine died in Oregon and I couldn’t find a nearby motel I turned to Airbnb for what changed from a few days to a month-long ordeal. In a neighborhood of hundreds of homes I added just one extra car to the daily traffic.
This is such a bad idea. Homeowners Associations are linking arms with the credit reporting industry to hammer the credit scores of homeowners late on their HOA dues. Horrible direction for this crooked, crime-filled HOA movement to take.
Look at news stories around the country. Go back and read the past four years of stories on this blog. Look at the horrors uncovered in the Kansas City Star. Now get out your calculator and start adding up the vast numbers of lawsuits that are going to be filed by homeowners whose credit scores were wrongly lowered. When lawsuits are filed against a Homeowners Association, who pays? And don’t say “the insurance company.” Ultimately, homeowners across the country will be forking over millions, hundreds of millions of dollars to pay for legal costs and judgments. Can you say, “Special Assessment?”
This is a preview of
HOAs Getting Into The Credit Reporting Business
. Read the full post (154 words, estimated 37 secs reading time)