The HOA fees are so affordable these days.
Literally just a few extra dollars you'll need to pay on top of your mortgage, insurance, taxes, and repairs!
The HOA fees are so affordable these days.
Literally just a few extra dollars you'll need to pay on top of your mortgage, insurance, taxes, and repairs!
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Smart contracts would unironically reduce these fees and HOA irritations immensely
Pro tip, never live anywhere that has an hoa
no they wont
smart contracts are near useless
How so?
>owning a home
>with an HOA
these two should never be in the same sentence lol
Aka live in the ghetto.
If you can't afford $500 a month for HOA, you might as well kill yourself because you failed at life.
unless of course you want your home to keep it's value
sure, uptight HOA sucks, till Tryone moves in next door and paints his house pink and parks 50 broken down caprices in the front yard
>homeowner's association
DROPPED
Most HOA hate comes from reddit and therefore I am suspect. Lets work through their logic.
>I cant fix our corrupt federal govt, the system is rigged
Fine
>I cant fix my neighborhood's corrupt HOA, itd be too annoying to offer my time to make the changes I want despite no barrier to entry
Fine
>bitching about it anyway in dedicated subreddits and 80 paragraph reddit comments
Hmmm...
>3d printed housing 5 years away from decimating the wooden boomer box bubble
>hey there millennial why arentcha buying in!?
kek good one gramps
where are you going to put it? still gotta buy land fuckin moron
this. 3d printed houses are an absolute fucking meme
This is false
I recently studied HOA and their inverse affect on pricing
Since the majority of buyers are using mortgages, the extra monthly fees are effectively pricing people out of homes
There is many communities with tons of vacant properties listed for half their true value simply because the HOA is crazy high
Land is fucking everywhere you city slicker fucking faggot.
God you kikes truly are the worst!
>i go on reddit
thanks for letting everyone know your opinion is worthless
was looking at property the other day here in Canada, about 100km outside of Vancouver
almost shit myself when I saw a ~350sqft bachelor apartment (0 bedroom, 1 bathroom) for $320,000 in a 15 year old building, and a monthly strata (HOA) of like $325
like wtf kind of person is going to even buy that? I guess a young professional making $150k+/year maybe but it's so far out of Vancouver that you'd either have to commit to a 1.5+ hour commute each way or work remotely. Or I guess retirees? but then I dunno why they'd want to live in a cuckshed.
It all needs to be burnt to the ground and rebuilt
Well we can't all live in Niggerville like you.
This user is correct. I am a real estate broker and I see HOA fees going up and people rushing to sell their condos at a loss because no one wants to get stuck with those HOA fees. OP is a brainlet with probably zero knowledge about real estate. Property management is a meme, I know a lot of people that own property management companies.
up for the taking for free?
desirable land with a road/plumbing/utilities leading up to it is whats expensive. look at most home valuations, the land is 60%+ of the homes value.
t. People who don't own homes
Can you remove an HOA?
Its been years, but you gotta know it to hate it right?
Leaving aside the possibility of Trump making actual progress on 30 million deportations, you still have:
1) Every Boomer planning to reverse mortgage their three homes into the grave
2) Self-driving cars leading to much higher speed limits leading to much shorter commute times leading to waaay more land open to sprawl.
3) The Fed raising rates off the zero bound.
What am I missing here? What upside do people see in housing?
good luck remodeling that piece of shit
It's your retirement, kid. Buy a fucking house like you're supposed to. Or continue to live in your parents basement the rest of your life.
So you're saying if I purchase those properties there would be a value add in dismantling or seizing control of the homeowner's associations affiliated with them?
I live in a townhouse in a middle class neighborhood. Mortgage is $800 and HOA fees are $300.
it depends on local laws
In my old neighborhood we had a pothole on our street. We asked the HOA to fix it and they voted not to since it was only our road and the rest of the neighborhood didn't feel like paying for it. We then partitioned the HOA and split the cost of the new road between the people who had access too it. Since we split we stopped paying and participating in the larger HOA, and then voted to destroy the smaller HOA we created
In some areas this is not possible due to different laws or developer restrictions. The neighborhood we did it in was all custom homes by many different builders. I cannot see this working out in one of these mass produced cookie cutter developments
migrated too
Obama's HUD put drug dealers into HOA neighborhoods. Literally useless defense when the government wants your daughters blacked.
theoretically yes, but it would require dismantling a lot of the facilities and services. for example in a golf course community, most the fees go to maintaining the course. dismantling the HOA would mean dismantling the course, which is usually not worth it or accepted by the people who live there
This is a all true BUT you guys are forgetting why HOA's exist in the first place: to keep property values up.
Yes the fees suck dick and petty tryants can make life miserable HOWEVER you're never going to have to deal with someone moving in next to you and cratering the value of your property by having poor taste.
In the sky or the sea, you can't own either
I don't think hoa's exist to keep property values up, because many don't provide value that is reflected in the equity of the property. I believe the value HOA provides is in the lifestyle that it insures to the community.
Non-American here, what exactly do these people do with the $500+ per household they get? Spend it on ways to hide their neighbourhood from blacks?
HOA (also called Strata in Canada) is basically only paid in situations where there's a type of block-housing, so apartments, trailer parks, etc. and basically the money is supposed to be pooled together and used to maintain the property - so for example if the roof of a 50 unit apartment block needs to be replaced, it's paid for by this fund. It also goes towards things like groundskeeping (maintaining lawn, shrubs, etc.), painting, general maintenance, etc. Although in many cases I suspect these funds get misappropriated by the committees.
stuff like guardhouses, gyms, pools, landscaping
sometimes utilities like trash,electric,water
The biggest problem is that HOAs here in the states are self-governing, so if a bunch of narcissistic cunts get elected to the board, they can start bullshit like foreclosing on people who don't cut their lawns. This is what happens to too many of them, and the people it effects are people with no time to run for the board positions, and just suck it up.
A friend of mine save for years, finally bought a condo. She was so fucking proud, and excited. Within a couple of weeks of moving in, her HOA decided they needed new sidewalks and roofs, and she got hit with a $7500 bill. She was on the hook because she signed off on their rules by buying, and had no choice in the matter anyway. She had to get her parents to cosign a loan to pay it, as the HOA wouldn't take payments. She sold it two years later.
I will never live in an HOA unit or home. Fuck that. There's no fucking way, it's yuppy bullshit so some cunt retired person can tell me what color I can paint my house, or fine me for not taking my trash cans inside fast enough? Go fuck yourself.
>sometimes utilities like trash,electric,water
I've never heard of an HOA paying these.
>3d printed housing 5 years away
LOL. Not even close, retard. And, it wouldn't have any effect on HOAs. You don't know what an HOA is, do you? I know you don't, because you wouldn't post something retarded like this, if you did.
>Hurrrderr, I'm printing a house
>Ohnos, the plot of land I bought from the developer has an HOA attached
Learn what HOAs are, and how they're created, before posting "solutions' that have nothing to do with the fucking problem, you fucking ignorant cunt.
In before "herrderrr learning stuff makes you a grampa" retardation post.
Agree with all of that. Sorry about your friend btw that fucking sucks, can't imagine how soul crushing that would feel after finally becoming a "home owner"
I never want to own & live in a property that has HOA/Strata and be stuck under that shit for the reasons you described. If I'm going to invest in property I want full control over what I'm allowed to do with that property.
Yes, they can be dissolved, but everyone in it has to agree to it. The bylaws written when the HOA is formed usually has terms to lay out how to dissolve it.
The only way you can "seize" control of an HOA is to be elected President of it. They tend to be VERY cliquish and inbred, good luck with that.
You wouldn't necessarily have to dismantle the golf course, you could sell the course as a private company, and it would become just another private golf course.
Pools would need to be dismantled, as a private swimming pool would never work, but you might be able to talk the city into taking ownership, but then you have a public swimming pool right in the middle of a complex, and we all know what that means...
Yeah but doing so requires going head-to-head with the neighberhood hyperbitch housewife, perhaps several of them, since controlling their social peers is the only way they can approach anything near sexual pleasure anymore
my sister in law moved into an HOA house. Said it was like living in a prison with vinyl siding. They were constantly getting letters regarding BS violations.
Exactly - and they can use HOA fees to pay for better lawyers than yours.
In my experience, HOAs are usually retired dudes, who were executives, who miss having power, and take over HOAs so they can still boss people around, and they have a flock of elderly busybodies spying on everyone. My relatives and friends who live in HOA estates and communities can go one for days complaining about them, everything from seeing them on security cams peering in windows and stomping around their backyards, to reading labels on packages left by Amazon to see what they're ordering.
NEVER live under an HOA. Just don't do it.
what the fuck is a HOA? And why the fuck should i pay 500$/month for it?
Home Owner Association. Google exists.
For fun, Google "HOA horror stories". There are entire websites devoted to it.
Yeah i did that, but 500$ a month?? I was thinking like 50 would be more suitable
>and they can use HOA fees to pay for better lawyers than yours.
those are the worst stories, they're literally using YOUR MONEY to pay their legal fees to fight against you
$50? Maybe in the 80's, user. Get out in the real world. The cheapest HOA fees I ever saw was $150 a month, in the 90's.
Go look at "building fees" for co-ops in NYC. It's the only thing out there worse than HOAs, and I would not be surprised if HOAs were invented based on their concept.
The most offensive thing about co-ops is they can deny you from buying a condo, if they don't like you. You can walk in with cash in hand, and they can turn you down for any reason. A lot of co-ops are jews, so they turn down non-jews, because they want all jew buildings. Or it's old fucks, and they don't want young people, especially with kids.
My mom's been paying into an HOA for 17 years and we have a crack in the foundation that causes leaking in tge basement during heavy rains and its been taking like 2 fucking years for tgem to even start digging/figuring out how to fix it. I'll never get a house with one when i move out
Just so everyone knows, HOAs go away if we get this decision overturned: en.wikipedia.org
I'm european so i'm trying to grasp the concept here.
Just think about how your government taxes you. That's what HOAs do.