HOA, condo & co-op Golf community updates (Aug. 2018)

Golf-course-fairway-player

by Deborah Goonan, Indepedent American Communities This month, we start with Crickentree, in Blythewood, South Carolina. There, a golf course is going into bankruptcy. The investment firm that holds the loan proposes redeveloping the failed golf course as a new subdivision with 450 homes.  Homeowners surrounding the golf course are not happy. They say that dense residential development will cause the value of their homes to drop.  Some homeowners think the HOA should purchase the Continue ReadingHOA, condo & co-op Golf community updates (Aug. 2018)

HOAs struggle to pay for private dam repairs

By Deborah Goonan, Independent American Communities Summertime is high season for enjoying activities on the lake. But, in many private communities across the U.S., deteriorated dams can no longer safely contain waters of manmade recreational lakes. Most private lake communities are governed by recreation or lake associations through club memberships. Homes in many of these communities are also subject to covenants and restriction of a homeowners’ or condominium association. Assessments or fees to maintain the Continue ReadingHOAs struggle to pay for private dam repairs

HOA President’s warning: ‘buyer beware’ of nearby dams

By Deborah Goonan, Independent American Communities   The HOA industry is fond of touting that association-governed neighborhoods protect property values and promote a “sense of community.” But, it appears those claims are simply marketing hype. For example, consider Wellington Park HOA, Cary, North Carolina. The conveniently located, leafy subdivision contains 250 homes, most of them constructed in the 1980s and 1990s. However, according to one report in the The News & Observer, homeowner Marshall Dietz Continue ReadingHOA President’s warning: ‘buyer beware’ of nearby dams

City leaders consider public role in maintaining HOA infrastructure

By Deborah Goonan, Independent American Communities To continue yesterday’s post about the decline of homeowners’ associations in the U.S., let’s take a look at a few examples of city governments that are now seriously reconsidering the wisdom of expecting HOAs to undertake and pay for repair and maintenance of their own private infrastructure. In these 40-50 year old communities, we can see that the privatization experiment has failed miserably. But now a new crop of Continue ReadingCity leaders consider public role in maintaining HOA infrastructure