Rent out your HOA Home, Go to Jail
So you thought your HOA home was such a sweet investment. After all, if you had to move to a smaller home in this economy, you could always rent out the HOA home to help pay the mortgage couldn’t you, Bunky?
After all, that’s an age-old way of diversifying an invesment and keeping its value high during a recession.
But many HOAs are deciding that HOA rentals are cheapening the neighborhood so they’re arbitrarily passing rule that say, “You bought it, now live in it, damn it!”