I’ve said it before, and I’ll say it in the future. When you’re investing your life savings in your home, don’t trust anybody. Don’t trust the Realtor. Don’t trust the county’s master plan, and above all do not trust your HOA. Homeowners in Chula Vista, California are learning about what all west coast residents know as ‘Californication.’
They bought into a peaceful valley where traffic was minimal, wildlife was everywhere, no smog was in the air. Life in the Eastlake III Homeowners Association was Heaven on Earth. The master plan showed their pristine way of life would last forever. But that kind of promise evaporates the minute land developers start knocking on doors. All of a sudden builders began jamming high density neighborhoods all around, packing in low quality homes like sardines in a can.
The Community Associations Institute (CAI) is famous for testifying before state legislatures that it represents all homeowners living in HOAs. Absolute nonsense. In the beginning it probably did. But in the early 1990s a conscious decision was made to turn the organization into a referral group, sending high-dollar referrals in HOA disputes to its member lawyers, property managers and contractors. Under its phony non-profit shield it sent out surveys on how satisfied Americans were with their Homeowners Associations.
The astounding thing about this four minute video is the level of ignorance among city council candidates in Hopkins, Minnesota. That’s the home of one of the nastiest HOA disputes in the country. But most of these candidates are clueless about what goes on in these gated communities.
Yes, that’s pretty much the new code word for Homeowners Associations: Gentrified or Gentrification. And it’s the word of the day in Denver where brand new HOAs or condo associations are trying get rid of some homeless shelters and rescue missions. The missions have been in the lower downtown Denver area almost forever. But Coors Field changed everything.
The now-famous home of Colorado Rockies baseball was built where land was cheap, right at the intersection of skid road and the nation’s central railroad hub. The rescue missions continued to do their work but suddenly the ‘gentrified’ wanted to live near the ball park. Century-old slaughter houses were turned into luxury condos. A two-bedroom setup where cows were once butchered can now cost millions of dollars.
Well, prosecutors in San Mateo finally nailed a 64 year old HOA manager. She’s accused of embezzling 2.8 million dollars from the Woodlake Homeowners Association. She’s facing a growing heap of charges while police continue to investigate her partner.
Suspect Susan Marie Lambert
My question is, how the heck do you steal nearly three million dollars from a bunch of condo owners? Do you just assume that because they live in condos they must be stupid? Let me put that loss in actual numerals: $2,800,000.00! Where do you hide it? It can’t be in your pillowcase. It can’t even be under your bed. It would completely fill one of those condo units you supervise!
