10 reasons first-time homebuyers should avoid the HOA, condo, or co-op
Is an “affordable” home or condo a good investment?
Urban development: what is the appropriate limit on density?
5 ways HOA, condo,  & co-ops take control of your property and your life

Retired Chicago condo owners could soon lose their home to deconversion

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By Deborah Goonan, Independent American Communities debgoonan@icloud.com Less than 2 years after they decided to retire in their Chicago condo, Eddie and Colleen Soto were shocked by news of a vote to sell the building to investors for a deconversion. The Sotos have owned their condo a 2 East Oak since 2008. Except for the year they rented their unit to a colleague, they enjoyed their Windy City condo on weekend getaways from their hectic Continue ReadingRetired Chicago condo owners could soon lose their home to deconversion

HOA, condo & co-op news roundup (Nov. 11, 2019)

By Deborah Goonan, Independent American Communities Religious discrimination costly for condo association; owners hit with huge special assessments; no solutions in sight for HOA community plagued by sinkholes or condominiums threatened by beach erosion; jury orders bad neighbor to pay $1M to condo association; another condo association near death. New Jersey HOA must pay legal fees for religious discrimination/fair housing lawsuit   A group of Orthodox Jewish residents of the Enclave at the Fairways (Lakewood) Continue ReadingHOA, condo & co-op news roundup (Nov. 11, 2019)

4 risks for homeowners in developer-controlled HOA communities

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By Deborah Goonan, Independent American Communities debgoonan@icloud.com According to Census data, 3 out of 4 new homes in the U.S. are built in HOA-governed communities. Home buyers are not always aware that each new HOA community is controlled by a real estate developer, and that control often lasts for many years. The HOA industry and home builder trade groups claim that developer control is necessary until most of the lots or units in a common Continue Reading4 risks for homeowners in developer-controlled HOA communities

Hidden liabilities of HOA ponds, lakes can wreck property values

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By Deborah Goonan, Independent American Communities deborahgoonan@icloud.com   Home buyers are often tempted by the natural beauty and recreational value of ponds and lakes. But condo, HOA, and lake association members don’t always consider the hidden risks and liabilities of life near the water.   WISCONSIN The case of the disappearing pond Homeowners in the Auburn Hills subdivision of Caledonia, Wisconsin, are angry and disappointed, now that they’ve learned that their view of an unattractive Continue ReadingHidden liabilities of HOA ponds, lakes can wreck property values