3 ms·
Unfortunately, in practice most people don’t choose HOAs, they simply can’t afford to live anywhere without one.
by _yb2s 2y ago
Unfortunately, in practice most people don’t choose HOAs, they simply can’t afford to live anywhere without one.
- nozzlegear 2y agoI’d love to see numbers on that (not asking you to find them) — it seems logical for me that a home in an HOA would sell for more than a home outside an HOA.
- _yb2s 2y agoMost HOAs are in low cost and high density multi-family housing: condos, townhouses, etc. In those cases many of the people living there are renters, but subject to following the rules through their landlords. When you have an HOA with regular single family homes, it generally has to have been setup by the contractor, who build the entire planned community. These mass produced planned communities are also typically cheaper and lower value than individual one-off single family homes, as they are built to a price point for a profit.