I’d have no problem with their existence if it was a free market, but I have a big problem with them when they’re being legally mandated.
I’d have no problem with their existence if it was a free market, but I have a big problem with them when they’re being legally mandated.
Then people ought to be complaining about their local governments, not HOAs.
Complain all you want, but if all new homes in your city are in a HOA, you are going to be under the thumb of those 80-something HOA board members who have nothing else to do in life but nitpick your house violations. Is that a desirable outcome for anyone?
“Full rate” is almost always subsidized through the windfall taxes on new growth and development, putting towns in a ponzi scheme like situation.
Kind of like how most software bugs problems are not Integer Overflows, most unsustainable things are not Ponzi schemes.
This is true, and I'd never choose to live in an area like that.