Powertour wrote:
I'd rather live in a van down by the river than EVER live in an HOA again.The narrative "but mah property values" is a false narrative. Home values are determined by price per sq ft via zip code, not whether or not a home is in an HOA. Matter of fact, every single ad for any home in non-HOA areas in my metro area always have a place in the ad where "NO HOA" is listed in all-caps. That is telling in & of itself.
The reason an HOA would improve property values is it requires homeowners to keep their houses maintained. No one will be living next to an eyesore of a house. Now, if two neighborhoods are kept up to the same level with one HOA and one not HOA then values will likely be about the same.
I will never live in an HOA and I made darn sure not to buy in an HOA. I also made sure no covenants or deed restrictions. The problem is nearly every new housing development, at least in my area, has an HOA or other restrictions.
