Entire neighborhoods are built with an HOA already pre-installed by the developers, with no way out of them AFAIK beyond basically dismantling the company that manages the HOA (that you funded by buying into the neighborhood).
Housing is extremely predatory in the US, and that’s not even getting into ever increasing home values being a major part of the stock market.
There’s one way, but probably depends on local laws. In my neighborhood, the actual homeowners can take over the HOA once a certain percentage of homes built are occupied. The problem is, the builder keeps on building and building so we never get to that point. I can’t wait for our neighborhood to kick out the HOA management company.
Zorsith@lemmy.blahaj.zone 2 months ago
Entire neighborhoods are built with an HOA already pre-installed by the developers, with no way out of them AFAIK beyond basically dismantling the company that manages the HOA (that you funded by buying into the neighborhood).
Housing is extremely predatory in the US, and that’s not even getting into ever increasing home values being a major part of the stock market.
scytale@lemm.ee 2 months ago
There’s one way, but probably depends on local laws. In my neighborhood, the actual homeowners can take over the HOA once a certain percentage of homes built are occupied. The problem is, the builder keeps on building and building so we never get to that point. I can’t wait for our neighborhood to kick out the HOA management company.