If you believe that, then you’re visiting the wrong shrink!
No, Your HOA absolutely does not protect your property values. Your HOA is there to keep track of your net worth. Your net worth (not just your home value) is pledged to a community pool which can be used whenever necessary to cover the cost of lawsuits, repairs, maintenance, insurance, embezzling board members.
All neighborhoods age, that’s just a fact of life. But developers get special breaks for cramming more homes into smaller spaces, and often those developers are just self-centered and financially motivated to cut corners. Meanwhile, building inspectors look the other way knowing it’ll be years before construction problems start becoming apparent.
Many will recognize the acronym KISS. It stands for Keep It Simple Stupid.
The question is asked: “How do we wake up the legislators so they will understand the extent of the abuse and destruction the modern day HOAs are inflicting on homeowners? Sending a KISS message such as the following is concise and a summary of the horrible HOA truth. As I see it, there will be a powerful message and a great deal of education in these paragraphs if they read like this:
It’s amazing how much kids improve our lives. And since the typical Homeowners Association has no interest in improving the lives of families it’s not impossible to imagine that some HOA boards will do everything in their power to drive families out.
Yes, welcome to your new condo. You’re going to love living here. The neighbors all get along and we don’t seem to suffer the kinds of problems felt in many other Homeowners Associations. You’re buying into a little bit of Heaven, your own private home. Welcome, welcome, welcome!
Oh, we’re sorry we couldn’t give you copies of the covenants, the budget and insurance papers in time for your real estate closing. At the time you requested them, the paperwork was tied up in some minor snafu. But it’ll all get worked out soon.
Crazy story from the city of Commerce in Los Angeles County. A community newspaper reported on a growing scandal involving an alleged two million dollar kickback scheme involving the mayor of Commerce and several city officials. At least two of the officials live in a gated community there. Now an HOA board member, in the foulest imaginable verbal assault, has told the newspaper delivery guy that he’s no longer allowed to deliver the paper to homeowners in the HOA.
