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 … More Institutional investors exploiting market for HOA single family homes
By Deborah Goonan, Independent American Communities Overall, the industry that builds, sells, and serves HOAs promotes the wildly unrealistic assumption that unit owners and shareholders will forever engage in fair and friendly cooperation with their association leaders and their neighbors. But the association governance model is based on several faulty assumptions, and is dependent … More How to make your HOA work for its members, a daunting challenge
By Deborah Goonan, Independent American Communities Many types of organizations are referred to as homeowners associations (HOAs). The media tend to lump all HOAs together as the same thing, often failing to make important distinctions between voluntary civic associations and mandatory homeowners associations. And that explains, in part, why there is so much public confusion … More Civic and neighborhood associations very different from “modern” HOAs
US Census data on Special Districts helps explain why your taxes are so high By Deborah Goonan, Independent American Communities The U.S. has continued to add additional layers of local government, even though industry trade group Community Associations Institute (CAI) estimates there are more than 340,000 association-governed communities now in existence. Ironically, when CAI … More Census reports many layers of government, HOAs not counted among them
By Deborah Goonan, Independent American Communities Although the number of new homes sold in the U.S. has increased dramatically in recent years, the share of new HOA home sales as a percentage of all new construction home sales has been relatively modest, with trends that vary significantly by region. Let’s take a look at data … More New homes under $200K less likely to be part of HOA per Census data
By Deborah Goonan, Independent American Communities The HOA industry is fond of bragging about the ever-increasing number of association-governed communities and housing units in the U.S., and makes grandiose claims that privatization of services in common interest, association-governed communities provides economic relief to both homeowners and local governments, keeping taxes low and home ownership … More Census data show HOAs present few economic benefits to taxpayers, homeowners, local governments
By Deborah Goonan, Independent American Communities I admit it. I am a bit of a research study wonk. So when I see a new study involving association governed communities, I read it carefully and with great interest. I look at the methodology. I consult other research studies, as well as literally thousands of anecdotal reports … More Research proves HOA, Condo fees have outpaced rise in home prices. Why?
Shared by Deborah Goonan, Independent American Communities A monthly list of important housing policy and case law news of interest to housing/homeowner advocates. Significant New Utah Case to Impact Associations June 23, 2016 (Hobbs & Olson Lawfirm, Utah) In a case released yesterday, Fort Pierce Indus. Park v. Shakespeare, 2016 UT 28, the Utah Supreme … More HOA, Condo, Co-op policy news (Nov 2016)