By Deborah Goonan, Independent American Communities An update to the 2016 article Homeowners’ Association residents’ interests often clash with trade group CAI. A reminder that the trade group does not represent the interests of 70 million homeowners and residents in associstion-governed communities. In their 2015 Annual Report CAI claimed to be the “single most credible resource not just for community managers and board members but also for the tens of millions of Americans who make their homes Continue ReadingHOA residents’ interests often clash with trade group
By Deborah Goonan, Independent American Communities Do governments and private individuals spend affordable housing taxpayer dollars wisely? Critics say the industry is plagued by fraud and corruption. What exactly is “affordable housing?” How many times have you heard the industry claim that it’s essential to build condominiums in order to provide more affordable housing? Multiple meanings It depends on who is promoting affordability. Real estate agents and developers often sell home buyers on the concept that Continue ReadingExposing corruption in the affordable housing industry
Should Americans put faith in CAI’s claim that the “overwhelming majority” of HOA residents are satisfied? By Deborah Goonan, Independent American Communities From time to time, Community Associations Institute (CAI), issues news releases and email blasts, claiming that “objective” surveys prove the majority of Americans who reside in homeowners,’ condominium, and cooperative associations are “overwhelmingly satisfied” with their community association experience. Naturally, the community management sector of the real estate industry desperately wants policymakers and housing Continue ReadingDo HOA industry surveys prove HOA residents are satisfied?
By Deborah Goonan, Independent American Communities I recently became aware of a white paper produced for trade group Community Associations Institute in 2015. Today’s post shares highlights and analysis of the study entitled, The Impact of Community Associations on Residential Property Values: A Review of the Literature. (Prepared by: Erin A. Hopkins, Assistant Professor, Virginia Tech, Blacksburg, VA) Thanks to homeowner and IAC reader, Margaret Dutton, for sharing a link to the study. Purpose of Continue ReadingStudies conclude that HOAs, CC&Rs have little to no impact on property values of mature communities