re: Forming a HOA

Posted by Tiger4Ever

Member since Aug 2003

36795 posts

Posted on 7/6/19 at 5:21 pm to oVo

“We could have never imagined someone would rent a home in our luxurious 5 home subdivision”

*OP currently has 1 of 5 luxurious homes immediately next door to him being rented

Posted by Erebus

Member since Jan 2019

574 posts

Posted on 7/6/19 at 6:53 pm to S1C EM

Holy shite, 6 pages and not a single op upvote. I knew I would grin when I clicked on the post but this is too awesome.

The 5 homeowners in your neighborhood are insufferable count. IMO

Posted by olemc999

At a blackjack table

Member since Oct 2010

15408 posts

Posted on 7/6/19 at 7:49 pm to S1C EM

It’s people like you that are ruining America.

Posted by liz18lsu

Member since Feb 2009

18134 posts

Posted on 7/6/19 at 8:15 pm to olemc999

I live in the land of gated communities, where you pay a lot a month in HOA fees, plus an annual fee that is thousands, so you can pay to play on your community golf course. We didn't want that (we are youngish for this area). Bought a home in a quiet, non-gated neighborhood of 44 houses. Neighbor's house was a very sick and elderly woman who never returned after Irma nearly flooded her home. Went in to foreclosure. I assume the couple that moved in bought it, but I don't know, or care. Nor do I know if the other 42 homes are owners are renters. I pay $100/year to an HOA who does...Not sure. But, if people take care of their property, who cares if they own or rent?
I get that renters may not care as much, but, the OP said the property was bought for above asking price, so wouldn't his renters be paying more? Probably more than a mortgage.

This post was edited on 7/6/19 at 8:17 pm

Posted by crazy4lsu

Member since May 2005

40037 posts

Posted on 7/6/19 at 8:22 pm to S1C EM

My HOA tried to do this when I bought a second property next door as a rental. I threatened to sue them and they never brought it up again. I hope someone sues you too.

Posted by Puffoluffagus

Savannah, GA

Member since Feb 2009

6504 posts

Posted on 7/6/19 at 8:30 pm to S1C EM

My HOA restricts rentals.

There's a set percentage of homes that can rented out and you have had to live in the house for 3 years as a primary residence before renting it out.

With that said, I live in a 650home neighborhood. ... Not a 5 home "neighborhood"(I assume y'all live on one street?)... And the situation as described makes the OP sound like a bitch.

Posted by liz18lsu

Member since Feb 2009

18134 posts

Posted on 7/6/19 at 8:35 pm to Puffoluffagus

It's summer now, so it is slow, only $40K. During season, we have houses on the beach renting for $80K/month. TRASH!

$40K/Month

Posted by tlsu15

Capital of Texas

Member since Aug 2011

10550 posts

Posted on 7/6/19 at 8:44 pm to StealthCalais11

quote:
What are the races/nationalities of you & your current neighbors?

OP is 100% worried that "ethnics" are going to move near his home. Also, 5 houses ain't even really a neighborhood, pal.

Posted by yellowfin

Coastal Bar

Member since May 2006

99034 posts

Posted on 7/6/19 at 9:24 pm to liz18lsu

quote:
we are youngish for this area

I stopped at a Publix while I was down there a few weeks ago and OMG the old people. That shite would drive me crazy, it was like the entire store was in slow motion.

Bern’s and Mon Venus were still great though

Publix was in Bradenton