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re: What are the pros and cons of HOA?
Posted on 4/30/24 at 11:57 am to kywildcatfanone
Posted on 4/30/24 at 11:57 am to kywildcatfanone
If it is a mandatory hoa, be very careful of signing the property rights over to the hoa. When hoa board turnovers happen, the new board will be interested in causing change which is funded by you. If the hoa board has a history of penalizing owners, they will eventually penalize you. If you sue the HOA, you will be funding your lawyer and the opposition lawyer through assessments.
The hoa is not just a social club. They are the effective owners of your property
The hoa is not just a social club. They are the effective owners of your property
2
Posted on 4/30/24 at 12:52 pm to Trevaylin
quote:
They are the effective owners of your property
Until the developer turns the board over to the owners an HOA is basically an unelected and un-regulated building and zoning department with a financial interest in keeping property owners from complaining about construction in the neighborhood. When owners finally take over the board the owners who will eventually gain control will be those in the neighborhood who love to tell other people what to do.
Posted on 4/30/24 at 1:42 pm to Trevaylin
quote:
If it is a mandatory hoa,
Explain to me a scenario where there is an HOA for a neighborhood and it's not mandatory.
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