Yep, it’s a question a lot of us have been asking: With The Donald being such a high-powered real estate developer, what does he think about owner associations? After all, he creates the covenants for all the condos he sells.
His take, linked below, is extremely interesting.
(link to Virginia blog on Trump and condo associations)
I should charge money for psychic readings! It was four or five years ago that I began predicting the advent of drones and that they would eventually be cheap enough for the boards of Homeowners Associations to start using them to inspect the most private part of your property. Your nude sunbathing or hot tub trysts could be played on the TV set at the HOA clubhouse and you probably wouldn’t win a legal case.
Well, so far I’m batting about 90% so far. The drones are here. They cost as little a four hundred bucks. And they’re popping up in thousands and thousands of places. Realtors are using them to advertise homes and neighborhoods. Terrorists are using them to interfere with commercial aircraft. Voyeurs are using them to videotape you and your lover on the backyard blanket. The FAA only controls drones in airspace over 1000 feet.
Privacy? Fugeddaboutit!
There’ve been a number of cases where homeowners have shot drones out of the air. The shooters usually end up being arrested and jailed. But it’s a whole new area of developing law and will probably take a decade or more to resolve. In the meantime even if a jury finds you not guilty you will have expended hundreds of thousands of dollars on legal fees.
(link to shoot a drone, go to jail, do not collect $200. It ain’t Monopoly money, folks!)
The blog I wrote about the Raintree Lake HOA in Lee’s Summit, Missouri on August 10th mentioned discussions of a GoFundMe account for the Stout family legal defense. They are standing up and fighting against the HOA to keep their daughters’ purple playset.
Sure enough, somebody took the bull by the horns and set it up. The donations are rolling in. And the comments from some of the donors are VERY interesting. Even a Realtor is making mention of people being afraid to buy in HOAs. How many times have we heard that before?
It’s so sickening to think all that money will go to fund the college funds of children of two HOA lawyers. Or maybe a second home in Breckenridge, Bozeman, or Bonaire. Or, possibly a yacht for the Lake of the Ozarks. No matter what the outcome of the lawsuit in the courtroom, the lawyers come out the winners. This is how the HOA legal game is played. Everybody loses except the lawyers. The pay off is determined by how long the lawyers can keep the battle raging.
When I sold yellow page advertising years ago, I had hundreds of attorneys as clients. When I asked what was the best case I could bring them they would tell me a nasty divorce. Naive me, I asked how do you know it’s a nasty divorce? With a chuckle from the attorneys I kept hearing, “you get them to call and we KNOW how to make it nasty!” Something tells me the days of the nasty divorces have been replaced with nasty HOA legal battles. Unfortunately, in that arena, I am not at all naive!
This one is huge, and it’s developing right now in Colorado.
A Homeowners Association in Vail is being sued because one of the supervisors in the management company was a jerk who was mistreating female Mexican workers. The Feds are now suing both the management company and the condo association.
I’ve owned two ski condos in that same area and I never had a clue who the management company was. I did get dinged a couple of times when I tried to change the locks on my doors. The management company bored through the locks, changed the door handle and charged me for their work. Yes, I was p.o.’d about that and it was one of the reasons I finally dumped the condos when the market improved.
But what if a federal EEOC sexual harassment lawsuit/judgment happened while I was still an owner? I could have been hit with a 10 to 50 thousand dollar special assessment for something I had zero knowledge about. Most Vail condos are owned by average people in Denver who just want to ski a week or two a year and rent them out the rest of the year to make the mortgage payments.
Incredible that completely innocent homeowners or condo owners could be financially ruined by this kind of thing.
(link to legal news on EEOC sexual harassment lawsuit)
http://www.jdsupra.com/legalnews/condo-association-sued-for-sexual-70687/
Dear Reader,
You’re supposed to do your due-diligence before buying that first home. Sure, the place looks great. Yes, it’s a sexy North Miami Beach high rise condo.
But, good grief, take a look at what’s happening around you. One family in the building can’t access their six-story balcony because it’s hazardous. Walking onto the balcony could mean sudden death. There are dozens of others inaccessible balconies. The building is full of mold. There are allegations of the embezzlement of more than a million dollars worth of dues paid by homeowners to the management company for parking fees.
Big cracks are appearing in the Jade Winds high rise. The condo association has filed for bankruptcy. It’s not an uncommon phenomenon in North Miami Beach and around the country, for that matter.
This continues to be a national scandal, the biggest one that state and federal legislators are NOT looking at. “Please go away from my office. Please don’t talk about HOAs. It’s too confusing and my mental capacities are not functioning at full speed right now.”
I love the readers of this blog, I just want to protect them from financial disaster.
(link to news on condo catastrophe in North Miami Beach)
