By Deborah Goonan, Independent American Communities Earlier this month I told you about research showing a link between prejudice in homeowners associations and weak local government. Now a new study by a retired Yale University researcher concludes that, contrary to industry claims and popular assumptions, HOAs don’t protect property values after all. Leon S. Robertson, PhD, is a sociologist/epidemiologist. His previous areas of research include medical care delivery, causes and prevention of injuries, and the effects Continue ReadingNew research busts myth that HOAs protect property values
By Deborah Goonan, Independent American Communities In today’s post, IAC considers the question: in the relentless quest for protecting property values, haven’t some cities gone too far? Beware: Some cities turning into HOAs on steroids Several city and county governments in Georgia are up in arms about proposed restrictions on their power to dictate design elements of single-family and duplex homes. Five House representatives are sponsoring a bill that would prohibit local governments from Continue ReadingShould cities adopt HOA-like restrictions?
By Deborah Goonan, Independent American Communities This week, Shu Bartholomew and I sort out half-truths and illusions surrounding homeownership in the U.S. Do restrictive covenants and homeowners’ associations really protect property values? Are consumers of new homes getting a safe, high quality product? Who truly benefits from the current housing policy? Listen in on the podcast here. Referenced blogs: Firefighters say newer homes burn faster than old homes Colorado developer plans new 900-home community with Continue ReadingHomeownership in HOA-ville: is there any real benefit?
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