Egads! I can’t count the times when I’ve heard about an HOA board member or HOA manager stealing money to feed his or her gambling addiction. It’s stupid. What’s even more stupid is that 66 million homeowners across the country risk all their life savings by buying into Homeowners Associations in which embezzling is endemic. If you live in an HOA, there’s a massive chance someone you’ve entrusted with your money is chiseling.
Get out! Get out! Get out! Let the national HOA Scam collapse on itself.