Welp.. I put on offer on a house
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@scottalanmiller said in Welp.. I put on offer on a house:
HOAs are the worst. We will never live in a place with one again. They can be fine, but they bring so much long term risk.
Luckily we don't have many where I live. Houses were put in very quickly during the 60s (boom of the space age). It's not uncommon to see a mansion and a shack right next to each other here. The area was mostly undeveloped before the 60s so any houses that are older are likely to have prime real estate and you see quite a few shacks that have waterfront property since they have been on the land since it was dirt cheap.
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What's an HOA?
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Home Owner's Association.
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@nadnerB said in Welp.. I put on offer on a house:
What's an HOA?
Home Owners Association. Kind of like the organized crime of home ownership in the US.
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@nadnerB said in Welp.. I put on offer on a house:
What's an HOA?
Like a development or plan in the north. It's a Home Owner's Association. They're also almost evil.
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@Dashrender said in Welp.. I put on offer on a house:
Home Owner's Association.
Sounds like a scam...
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So why would anyone live in a state with that crap?
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@nadnerB said in Welp.. I put on offer on a house:
@Dashrender said in Welp.. I put on offer on a house:
Home Owner's Association.
Sounds like a scam...
No "like" about it.
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Usually they(HOA's) are a scam. You mean I buy this property for however much, and then on top of my mortgage I have to pay monthly for the "right to be here". Sure I get some perks like club house use or whatever that HOA might have.
But how often are you going to use it?
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@nadnerB said in Welp.. I put on offer on a house:
So why would anyone live in a state with that crap?
Because just up and changing your nationality over home ownership laws is more than more people are willing to consider.
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@nadnerB said in Welp.. I put on offer on a house:
So why would anyone live in a state with that crap?
Well, they come from a good idea. The idea is that people will keep their property in check to keep values up. A lot of them also have stuff like yard maintenance, road maintenance, etc. But they end up being a group of people that have power over the others and can force people to do what they want.
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@DustinB3403 said in Welp.. I put on offer on a house:
Usually they(HOA's) are a scam. You mean I buy this property for however much, and then on top of my mortgage I have to pay monthly for the "right to be here". Sure I get some perks like club house use or whatever that HOA might have.
But how often are you going to use it?
Mine in NY are the worst. Nearly $400/mo and sure we get a pool and playground and gym, but we use them little (never now as we don't live there.) And they mow and stuff, that part is good. But it is overly complex and they send out all kinds of threats, make it scary to live there, invade our privacy and make us want to sell the house based on the HOA alone.
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Like my wife's cousins live in an HOA in Vero Beach. Their fence must be a certain height, and if their driveway is ever dirty they get a certified letter to make them power wash it. If the trees get too big they make them trim them. It gets really out of hand.
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HOA = People that suck in real life that are on a power trip
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@scottalanmiller said in Welp.. I put on offer on a house:
@nadnerB said in Welp.. I put on offer on a house:
So why would anyone live in a state with that crap?
Because just up and changing your nationality over home ownership laws is more than more people are willing to consider.
Yes, but you have to add that to the random levels of sales tax per state, laughable-if-it-wasn't-so-criminal health "insurance" and the whole "at will" working thing per state. How long has all of this been going on?
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@johnhooks said in Welp.. I put on offer on a house:
@nadnerB said in Welp.. I put on offer on a house:
So why would anyone live in a state with that crap?
Well, they come from a good idea. The idea is that people will keep their property in check to keep values up. A lot of them also have stuff like yard maintenance, road maintenance, etc. But they end up being a group of people that have power over the others and can force people to do what they want.
Wherever I've seen them they have hurt house values by raising the cost and risk of ownership and lowering the niceness of getting to live there. I know lots of people that actively avoid HOA properties and/or will only pay less for them compared to the same house without one. The HOA is a good idea, I agree, but the potential for them to go bad is very high and once they do, you are screwed.
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@scottalanmiller said in Welp.. I put on offer on a house:
@johnhooks said in Welp.. I put on offer on a house:
@nadnerB said in Welp.. I put on offer on a house:
So why would anyone live in a state with that crap?
Well, they come from a good idea. The idea is that people will keep their property in check to keep values up. A lot of them also have stuff like yard maintenance, road maintenance, etc. But they end up being a group of people that have power over the others and can force people to do what they want.
Wherever I've seen them they have hurt house values by raising the cost and risk of ownership and lowering the niceness of getting to live there. I know lots of people that actively avoid HOA properties and/or will only pay less for them compared to the same house without one. The HOA is a good idea, I agree, but the potential for them to go bad is very high and once they do, you are screwed.
Yeah we refused to buy a HOA home even if it was $1 a month
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@scottalanmiller said in Welp.. I put on offer on a house:
@johnhooks said in Welp.. I put on offer on a house:
@nadnerB said in Welp.. I put on offer on a house:
So why would anyone live in a state with that crap?
Well, they come from a good idea. The idea is that people will keep their property in check to keep values up. A lot of them also have stuff like yard maintenance, road maintenance, etc. But they end up being a group of people that have power over the others and can force people to do what they want.
Wherever I've seen them they have hurt house values by raising the cost and risk of ownership and lowering the niceness of getting to live there. I know lots of people that actively avoid HOA properties and/or will only pay less for them compared to the same house without one. The HOA is a good idea, I agree, but the potential for them to go bad is very high and once they do, you are screwed.
I account HOAs to unions in general. A good idea at first.. but quickly the power goes to those people's heads and the whole thing goes south.
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@scottalanmiller said in Welp.. I put on offer on a house:
@johnhooks said in Welp.. I put on offer on a house:
@nadnerB said in Welp.. I put on offer on a house:
So why would anyone live in a state with that crap?
Well, they come from a good idea. The idea is that people will keep their property in check to keep values up. A lot of them also have stuff like yard maintenance, road maintenance, etc. But they end up being a group of people that have power over the others and can force people to do what they want.
Wherever I've seen them they have hurt house values by raising the cost and risk of ownership and lowering the niceness of getting to live there. I know lots of people that actively avoid HOA properties and/or will only pay less for them compared to the same house without one. The HOA is a good idea, I agree, but the potential for them to go bad is very high and once they do, you are screwed.
Oh I agree that they actually hurt the values. But the creation was to try to keep people from having a trashy lot beside you.
I would not buy a house in an HOA.
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@Dashrender said in Welp.. I put on offer on a house:
@scottalanmiller said in Welp.. I put on offer on a house:
@johnhooks said in Welp.. I put on offer on a house:
@nadnerB said in Welp.. I put on offer on a house:
So why would anyone live in a state with that crap?
Well, they come from a good idea. The idea is that people will keep their property in check to keep values up. A lot of them also have stuff like yard maintenance, road maintenance, etc. But they end up being a group of people that have power over the others and can force people to do what they want.
Wherever I've seen them they have hurt house values by raising the cost and risk of ownership and lowering the niceness of getting to live there. I know lots of people that actively avoid HOA properties and/or will only pay less for them compared to the same house without one. The HOA is a good idea, I agree, but the potential for them to go bad is very high and once they do, you are screwed.
I account HOAs to unions in general. A good idea at first.. but quickly the power goes to those people's heads and the whole thing goes south.
I would too. Conceptually very related.
