IN Judge rules in favor of HOA, says City of Charlestown’s fines are unconstitutional

Judge agrees with HOA’s complaint that City of Charlestown acting in collusion with private developer   By Deborah Goonan, Independent American Communities   I have been following reports from Charlestown, Indiana, for more than three years. That’s how long Mayor Bob Hall has been working on his grand redevelopment plan for the city. It all …

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Archive: Charlestown, Indiana and eminent domain

By Deborah Goonan, Independent American Communities Archived posts from Neighbors at War blog (Ward Lucas)   Indiana Residents Fighting Eminent Domain for Private Development Originally posted on Neighborsatwar.com October 31, 2014, guest blog by Deborah Goonan I follow Institute for Justice on social media. See the link below for their recent press release about the Pleasant …

No guarantee of private property rights for condo owners

By Deborah Goonan, Independent American Communities   Thinking of buying a condo? Before you make a financial commitment, here are three important considerations. 1. Think about how you plan to use the condo. People buy condos for different reasons, with vastly different expectations. Which category best describes your reasons for considering a condo purchase? Buying …

Mixed Use Density on steroids in Alexandria, VA

 Redevelopment plan calls for replacing 364 condos with 1,600+ housing units plus commercial By Deborah Goonan, Independent American Communities   Sometimes real estate news is presented in very misleading ways. For example, the headline of a news release for Huntington Club Condo Association (link posted below) tells only part of the story about the decision …

Georgia condo owners attempt to stop termination effort under RICO Act

By Deborah Goonan, Independent American Communties   Here we go again - yet another attempt at condo termination against the will of minority shareholders. This case involves owners of 10 units in the 46-unit Heritage Square Condominium Associations, located in Athens, Georgia. Businessman Fred Moorman currently owns 35 of 46 units. Moorman controls the condo …

Reality check: HOA managers face decline of their industry, like it or not

By Deborah A Goonan, Independent American Communities   How many times have we heard representatives from HOA industry trade groups utter the words, “Homeowner Associations are not going away?” But that, dear readers, is nothing more than wishful thinking. Let’s start with the facts. The construction industry is building fewer new HOA homes and condos …

Stopping a condo to apartment deconversion is challenging

By Deborah Goonan, Independent American Communities A controversy brewing in Chicago provides more evidence that the market for association-governed housing is on the decline, especially condominiums. River Trails Condominium, 16 buildings 360 units, located in Prospect Heights, Illinois, is one of the latest multifamily housing communities that real estate developers covet for a deconversion. A …

Institutional investors exploiting market for HOA single family homes

Investors move beyond bulk purchase of condos, expanding their inventory of rental properties   By Deborah Goonan, Independent American Communities As a follow up to yesterday's article HOAs are built on foundation of property values, not social values, today's focus is on how institutional investors exploit the real estate market, increasing profits for their shareholders and …

Condo industry investors unhappy about new consumer protections

New Florida statutes make it more difficult to force condo termination and apartment conversions upon unwilling owners By Deborah Goonan, Independent American Communities   Part of the mission here at IAC is to educate housing consumers by exposing the true agenda of the real estate industry. Hint: it is not to serve the needs of …

Do some U.S. homeowners have more private property rights than others?

By Deborah Goonan, Independent American Communities As we celebrate Independence Day in the U.S., it is the appropriate time to reflect on the status of private property rights in America, especially with regard to homeownership and association-governed communities. Legal dictionaries define private property as: The ownership of tangible and intangible goods by an individual who …