PSA to homebuyers: Even if the HOA has reasonable rules now and is run by your neighbors, don’t expect that to continue when they get older and want to pass off management to a company who will make life a living hell.
much better PSA, don’t buy a house that is in an HOA. HOA’s are the devil, and they are a great example of why the adage that local control is best, is total bullshit.
Agree. Moral of the story is basically that every HOA has the potential to suck, so don’t take the extremely substantial risk that it will in your lifetime. Just buy a different house.
Unless I move out to the middle of nowhere, there’s not many options for me that don’t have an HOA of some kind. Wish I could avoid them, but unfortunately too ubiquitous in the states.
HOA gonna pop that bubble real quick.
PSA to homebuyers: Even if the HOA has reasonable rules now and is run by your neighbors, don’t expect that to continue when they get older and want to pass off management to a company who will make life a living hell.
much better PSA, don’t buy a house that is in an HOA. HOA’s are the devil, and they are a great example of why the adage that local control is best, is total bullshit.
Agree. Moral of the story is basically that every HOA has the potential to suck, so don’t take the extremely substantial risk that it will in your lifetime. Just buy a different house.
What about like multi property buildings? Like townhomes or condos?
Don’t those always come with an HOA?
I’ve owned a townhome that didn’t have an HOA. It’s not super-common, but it does happen.
I get possession of my first house this Friday, very happy to say HOAs aren’t really a thing in Canada
They sure are out in places like Vancouver. Unless you buy detached at like 2M+ you have a strata corporation, which is an HOA by another name.
Fees are typically 400-1000/month
Imagine buying a house with an HOA.
Imagine buying a house.
Thank god I was able to. Was sick of paying for someone else’s investment.
Annoyingly house prices decided to surge right when I got a job that would have allowed me to afford one (pre-surge).
Yeah dude, same boat.
Unless I move out to the middle of nowhere, there’s not many options for me that don’t have an HOA of some kind. Wish I could avoid them, but unfortunately too ubiquitous in the states.
freedom
City folks sure say “the middle of nowhere” when they mean anything other the overpriced suburbs, and stupid cities like New York.
Imagine even knowing what an HOA is.
Youre luckier than you know.
@PlaidBaron @psx_crab
Imagine living in the US … Awful
Thank god I don’t.