SC Beach Towns You Can Actually Afford To Live In -> th-cam.com/video/n2kEXk646-8/w-d-xo.html AVOID LIVING IN A 55 PLUS COMMUNITY - Problems in Adult Retirement Communities -> th-cam.com/video/kUibKY4GkQg/w-d-xo.html
Here in Florida I have looked at a lot of houses for sale. The asking price of a house in an HOA is almost always lower than an equivalent house not in an HOA. People are willing to pay more not to have to deal with an HOA. That fact completely destroys the myth that HOA's maintain property values because it is easy to prove that they don't.
The developer of HOA communities will subsidize the cost of building things like internal roads. But when you move in he dumps all of that on the homeowners causing the HOA fees to skyrocket. The communities are also usually built with golf courses to make the area seem more desirable but always fail.
I live in a community with an HOA. The home I bought was the first house I ever bought. It is a corner house and thus has twice the landscaping of any other house (big mistake). Five huge pine trees in front and on the side, and four very tall palm trees in the back garden. The landscaping maintenence is a significant expense. The trees have to be professionally trimmed each year. The pine trees drop carpets of needles which have to be blown and vacuumed. Two pine trees became diseased and cost $2000 each to remove (mandated by HOA). In short, don't underestimate the cost of maintaining trees, bushes and lawns. Buy a house with the minimum landscaping needs.
I think blowing out needles is not healthy for the trees. They are supposed to be reclaimed by the tree while also preventing rival plants growing near because they make soil more acidic when they decompose. So it is no surprise to me that after such "care" some trees got sick. Pine trees probably have hard time growing on a lawn.
I don't have HOA, but I totally agree with the trees 😂 I am surrounded by trees, and the amount of leaves that fall in autumn is too much. And some trees lose their leaves throughout the winter until spring. And these trees are not even on my property... but the leaves land on my property. Sometimes, I wonder why I am cleaning leaves that are not from the trees on my property.
I had an HOA when I owned a condo. Went to the meetings and voted on agenda items, such as painters and landscaping contractors. I didn't know single family home owners had to pay out of pocket.
I'm an American expat, that lives and owns properties in Central America. One of my properties is within a HOA in Costa Rica. This is my first HOA experience, and my last! The HOA is polarized, toxic and problematic. I plan on selling this property in the near future.
Excellent, straight forward info. We are in a Florida HOA community which has a golf course. The amenities are open to the public (golf course, restaurant) all have lost big money over the last five years. Our yearly HOA fees have increased dramatically over the last few years with most of proceeds supporting golf course. I have serious concerns going forward and considering selling. Unfortunately, our fees do not pay for anything related to our homes, yards or roads. It feels like we are throwing $$$$$$ down a black hole.
There are too many golf courses for the number of people that play golf. Work to get it turned into a park ahead of time rather than let it get developed.
@@info781 That would be a wonderful idea. However the owner of the course would probably never agree to it. You see the developer of our community still owns the course and leases it to us for a ?? nominal fee. Unfortunately, we (homeowners) are 100% responsible for maintenance, upkeep and improvements. Bad situation.
I had an ex girlfriend who owned a house in an HOA. She had the habit of always ignoring their mail, and she didnt pay the fees for maybe 18 months...it was like $3500. They sold her house at auction and put a note on the door that she had 30 days to vacate the property. She tried to fight it legally, but was told it was too late.
Well, that sounds like exactly what should happen in the case when someone is not paying. Thanks for watching and sharing the story with others who may find it helpful.
My neighborhood used to have an HOA. They got rid of it before we moved here. Amazingly enough.....the neighborhood didn't go downhill. It's actually a selling point now for people who need to move or sell their homes, since so many people have gotten burned by HOA's in the past.
There are advantages to owning a home with no homeowner's association. No restrictive covenants, no HOA fees, no community rules or regulations. Wishing you success in finding your own piece of paradise! Thanks for watching.
@@tennesseeterri Of course, rural areas may have fewer ordinances, which why I said, "likely." Rural areas may also have fewer HOA dictatorships and neighbors in general to pester you. Sounds good to me.
Even with no HOA there can still be rules. Often a city has rules of its own about weeds, bushes, trees and unregistered vehicles. I was ordered by the city to reduce the height of my bushes and to cut down a dead tree (in my rear garden but visible from the street).
Bought a house in a great area. Know people who live there and all was well for many years. Then a group of “busybodies” slowly wormed their way into leadership of the hoa and quickly ruined it. There were over 50 homes sold in a year from people moving out myself included. Stay involved in your HOA and vote. My mistake was thinking it would always be run right.
Better yet, get yourself and some likeminded friends on the board and dissolve it. If for whatever reason full dissolution is challenging then at a minimum pass into the bylaws that any and all future actions (including everything) can only proceed and pass with 100% total unanimous voting consent of all HOA members. That means that literally nothing can ever be done if even just one person says no. Effectively it nearly destroys the HOA.
We are living in a very degraded and unethical era. Nothing is being run properly anymore. Look at what’s going on in the schools with all this weird gender stuff. It sure wasn’t an issue when I was a kid. This country has lost its sensibility. We really need to get the lead, fluoride, arsenic and other neurotoxins out of the water supplies.
I live in a 55 plus community north of Tampa Florida. There are 60 units here built in 2017. Our HOA fee is 75.00/ mo. which is unheard of! There are no amenities but I wouldn't use them if there were. People are very nice here and everyone takes care of their property. Lawns and fencing are taken care of plus garbage. Our HOA board is very efficient and they don't get into your business. I love living here but it's a one of a kind situation. The HOA fee was a big plus when moving here 3 yrs. ago.
I would like to find out the name and address of your community. My association and Board of directors are my nightmare. I have lived in my home for 34 years, I’m sick and tired of their nonsense and management. I wanna move from here ASAP.
The problem is that no matter how amenable the HOA is when you go in rules can change and fees can go up and that ALWAYS makes your investment into a home unsecure. Even if there’s a guarantee there’s no guarantee they will always find a way around the guarantee so you might get stuck and possibly even lose your home in the process
In 4 years, our condo in Garden City HOA went from $600 to $900. Also many random assessments for several thousand dollars at a time. After Hurricane Ian in September, we had $7000 assessment and that was the last straw for us. Just sold and are grateful to be out!
Based on the horror stories I have read, the board is key. If the board is a bunch of jerks(or thieves), living the HOA can be hell. If not, living with the HOA may be okay, at least as long as the present board is in power. The problem is that the board may change from one to the other.
Truth IS the American dream is a nightmare 🤔🤔🤔 unfortunately, responsibility falls on any buyers shoulders to do RESEARCH of FACTS, RULES, and LAWS. Ignorance is no excuse ‘they say’. Sorry you have these issues, however, you’re not alone. Never buying before does and can leave you vulnerable. Get your research goin in order to fight back if necessary, and if a matter is concerning LAW-retain an attorney period or you WILL live to regret it! All attorneys work with budgets or payment plans and they save you stress, headaches, worry and actually SAVE YOU MONEY PERIOD! You can CONSULT with any attorney for FREE! You might even get help from one NOW! Good luck my friend and consider this advice and HEED it🙏🏻🤔❤️
Great information. I live in Florida, which has tons of HOAs. I don't mind living in one but if I had to do it again, would have asked the following: when was the last time dues increased, when was the last time there was a special assessment, are there any special assessments coming up, and how much money is in reserve...
In nyc many - if not most - apartments are co-ops, not condos. Co-ops are essentially condos where the building forms an HOA. They are typically 15-20% cheaper than a condo, which is substantial in nyc. I live in a co-op and did all the due diligence you’re describing. I find the board to be super reasonable and the fees are partially tax deductible. This model probably works better for an apartment building, since I have no property that is “outside” that the HOA can impose arbitrary rules on. We just pool together to save money on shared buildings costs.
Yes but in a co op the underlying mortgage on the property which is over and above your mortgage can be very very high. You didn't mention that. I would never buy in a coop
My mother spent most of her last years in an HOA community. She told me the neighbors don't get up in your business, but otherwise, it does nothing if a neighbor causes issues for your property. I have other close relatives who live in HOA communities. One of them was hounded over fake shutters that had barely noticeable damage. He got tired of it, and just removed them. Neither of their communities offer shared amenities, except a small park in one of them.
In a small, affluent Dallas-area subdivision, we thankfully had NO problems in over 10 yrs. with the HOA, nor did any of the neighbors have conflicts with each other. Families were all very polite & usually too busy to find picky fault with neighbors. Best place ever!
In my country, anything that impacts on a purchase has to be disclosed prior to completion. It is not up to the buyer to go chasing about for information.
It is ALWAYS up to the buyer to chase about for information. The seller will only do the absolute minimum required. You will NOT get the information willingly handed to you that you are seeking. The barking dogs next door? I love dogs! The sewer smell that wafts by every night? I can't smell well so I didn't notice! The apartment complex that is being planned in the nature area across the street? Finally someone is doing improvements to that empty lot! Yeah, you won't be told what you want to know.
"Protect the value", that is pretty interesting because we all invest and want it to be as protected as possible, as long as our freedom and other people freedom is not impacted. That's a very good point! Thanks dude!
@@JerryPinkas And thank you to pointing me to the real point: the problem is not HOA per-se, but to find one that fit with you and your lifestyle, instead buying blindly. And also one that is transparent, accountable and provision money for later on maintenance.
Is maintaining property values worth granting other people the power to fine you and possibly foreclose on your home? When you factor in that most mortgages are 20-30 years and you have no idea who’ll be running the HOA 10 or 15 years from now. I think not.
We owned a condo in the Fort Myers area for about 10 years. It was a small neighborhood part of a larger development. Ultimately we were under three management boards. Luckily the three different boards had hired responsible professional management companies. I was on the HOA Board of the local neighborhood board the last few years. Another lucky break was we sold our condo for a nice profit in June, a few months before Ian hit. We returned to our place in the North full time. All the points you made in this video and the later one (Florida Home Buyers Blindsided) are spot on. I would highly recommend them. Even though we have just experienced winter for the first time in a decade +, we are even more delighted with our decision.
New sub. Doing a lot of binge watching! Excellent video. But… I think you should not mix HOAs of multi-family units with HOAs of single family home neighborhoods. Completely different HOAs. Also I think you should do a video on how much power the HOA board can hold, and how difficult it can be to oust board members. I have over 30 years with multi-family HOAs and they can be a nightmare.
When looking at an HOA/Condo Association's financial statements, you need to pay particular attention to the percentage of revenue being generated from fines/penalties. If the community is getting more than an immaterial amount from these fines/penalties it could be due to an overzealous board/manager being nitpicking (especially management companies that get a slice of the penalties) or a community of scofflaws. Neither of these is desirable.
Good explanation Jerry, but in times like these, when good property comes up, you basically have 24 hours to send the offer, otherwise property is pending already. This scenario is still happening in Florida, so if you’re out of State, your time to explore those HOA’s are kind of limited
In my country, anything that impacts on a purchase has to be disclosed prior to completing the sale. At the very least, HOA rules should be included in the listing.
The market in Florida is slowing down. Two townhouses in my neighborhood have been on the market for at least a month now. Last year they were selling within hours, with bidding wars.
I live in a townhome with a HOA. At the time I bought it, it was one of the very few homes in my budget even with the fees. Finances are in good shape and there was a only $10 a month increase this year and no increase at all last year. A special assessment for roof replacement before buying my house just ended. Still, I hold my breath every fall when they set their budget for their year.
Thanks for the info, my daughter wants me to move to an over 55, as she plans to do herself, but I am still active and able to mow my lawn, I just need to downsize to a cottage with no stairs, and I can’t afford HOA fees plus property taxes and possible future assessments. You helped me make the decision. Thank you !
You’re welcome! So glad that you enjoyed this helpful video and I truly appreciate you taking the time to watch it and comment here on this channel. See you in the next one.
I'm just 3:40 in but people can also obtain a copy of the declaration, bylaws, and rules and regulations from the county records or seeing if that HOA has a website with the info. Please also check out reviews online about the HOA. Some counties will even provide you with this information if you call and provide them an email to send it. If you're already going through the process you can also reach out to the title agent, they can provide a copy normally.
The meeting minutes will also let you know about the structure of the buildings and if there's any foreseeable issues that may cause a special assessment in the future. Also ask for a copy of the approved budget so you can verify reserves.
WHOA!! THANK YOU SO MUCH FOR ALL THAT GOOD INFORMATION..BECAUSE I'M LOOKING TO BUY A COOP SOON N ITS GOOD TO KNOW ABOUT ALL THAT BECAUSE YOU CANT TRUST LAWYERS ALL THE TIME TO TELL YOU EVERY LITTLE THING.
What if I suspect my HOA is robbing the coffers? If my HOA is not repairing anything including light bulbs in commons areas and leaky AC lines that are damaging units.
I am glad I live in an HOA community. I don't have to worry about yard work, exterior building maintenance, snow removal. My neighbor can't leave their rusty old car leaking oil in the driveway and paint their house in bright fuchsia pink. Units sell in reasonable time at good prices.
I bought a condo in a small complex. I didn't know much about HOAs, but I knew the smaller the better. Nice people. I've now joined the board. The only problem is that they're too cheap. Soon some expensive maintenance will need to be done and I think they're currently in denial. The value of the small complex is extremely high, and expecting to get by on the cheap isn't realistic. Jerry is absolutely right. Single family residences (especially without HOA) are great. I get it. But people that say they'll never pay HOAs should add up their own single residence maintenance bills. Unless it's a very new house the bills for roofing and such and repairs come to bigger numbers than they let on.
@@dansmith5012 - You get the bizarre comment of the thread award. Freedom, like everything else in life, involves tradeoffs. You want absolute freedom? Don't get married and squat in a hut in the woods. Otherwise, you choose your tradeoffs to allow you to do what you need or want to do involving banks, local governments, and sometimes HOAs depending on the options available to you and/or the tradeoffs you chose to make.
We left community association life three years ago up in Virginia. Our final move will be to the south but a place where we can have a gorgeous little home without an HOA or condo assn.
I’m very happy with my HOA, it’s one of the reasons we bought the townhouse where we did. The grounds are meticulously maintained, if we ever have a problem it’s addressed immediately, it covers everything but electric. I’ve lived here for 5 years and never had an increase, and I even got a new roof last year. True it’s not for everyone, but it’s perfect for us.
You are fortunate. My dues have gone up each year for the past three, and I had a special assessment for a new roof. I also had to pay to replace the skylights out of pocket.
I've been renting a unit for about 5 years. What I found a bit odd is that they change the managing company almost every year! That smells like a red flag but I can't understand why. The owner is also stonewalling and never lets know what's happening in HOA. Otherwise all looks good on the surface, never ran into big issues.
I was looking at Eagle, Colorado property on Zillow. One of the property caught my eyes, it was an unimproved large acre of lands. The property is listed for $100K. HOA due is $100K per year with no house on it. Ouches, not sure if this is a misprint.
Thanks for watching. Stay Tuned there will be one about Texas latter this summer here on this channel! Did you see the video I did about Alternative Places BEFORE Buying, Relocating or Retiring to FLORIDA - th-cam.com/video/VRTjNfGeybY/w-d-xo.html
At one point, I was searching for homes in Colorado, and I saw that non-HOA communities often had some serious junkyard homes, homes with cars and scraps in the yard, and even one horror show house that honestly looked like from Freddy Kreuger, eerie! I prefer a very cheap HOA community ($30/mo) that just does yards, trees, and trash.
The real problem is when a narcissist is used to being a jerk and getting by with bad behavior. Ignored they bought into an HOA and does stupid trash things and tries to bluster out of compliance.
I have two homes, both are in HOA’S. I took the time to read the governing docs before both purchases. I love living at both homes. I appreciate the shared expense of common areas.
Can you explain the high HOA's of North Tower condos and what they cover? What dies the property owner has to pay out of pocket. Do they have covered assigned parking for owners?
In my HOA area the biggest issue is parking lot not having enough spaces for cars 2nd is painting the house or fences and load music. When we moved in back in 1999 it was peaceful area now it just went CRAZY
We don’t have HOA here in the UK. You get some tenement style buildings that have service charges, including ones now that are trying to charge millions for cladding replacement since the Grenfell fire a few years back (building owners put cheap cladding up and are now charging people to replace it). Evil.
Can you request the bank statements from the HOA? See if they match the annual budget/ statement sent to residents. I strongly suspect monies being misused/ pocketed off the books. Mgt. and board are running the club like its their private kindgom. They continually ignore valid safety issues. They are extremely lax with the security never removing outsiders from beach areas. Its become a public beach in a private community. Thx.
How many dissociations need to report their finances to all homeowners. You could find that in the current budget. Check to see all the money coming in and where it’s going out and to who. Thanks for watching and commenting. Glad you found this video helpful
Like with every business; management makes a big difference. As for HOA inclusions, the last year of looking while renting in South Florida I’ve seen like only two HOA’s including basic cable. The rest just water, lawn care and access to the pool, and clubhouse. By the way rents are outrageous yet people are still competing to get anything to live in.
5:30 that's great and all for those who don't care how this stuff gets done or the quality of these services. But what about those who shop around for the best quality jobs for the cheapest prices?
If the home is part of an HOA you are subject to the rules. But that sounds more like a failure to disclose...and I would talk to an attorney about that if the sellers did not disclose that to you before buying. Thanks for watching and sharing
That would mean you want to look further into that. The legal procedure for dissolving an HOA will vary based upon differences in state law and the processes and procedures. Thanks for watching and commenting
Loose covenants, conditions and restrictions are not loose for you to enjoy your home with more freedom . They are loose for the board and management company to interpret however they want and to refine with additional rules and regulations whenever they want.
Thanks for watching and sharing. Did you see the other video I did about that? HOA HELL? HOA HEAVEN? 10 Things NO ONE Tells You About The Problems with Homeowners Associations - th-cam.com/video/Gs6-hxJtLqo/w-d-xo.html
I'm in FL, HOA's are very common. Have lived in one over a decade. Over the years, only a few letters for doing some minor things which I quickly resolved. No big deal. Most bylaws are on websites of the communities, so you can find them there. No, homes do not have problems selling or sell cheaper, I've seen homes around me sell within just a few days! People don't care, they have other things they are looking for like location. No, I don't want to live next to somebody with broken cars in the front yard or irritating neighbors doing odd things, or some who think extremely odd color combinations for the house look good. They don't. Property value is maintained because you don't have a bunch of eyesores right next to you. Everything looks as nice as when the community was built. 2003! That isn't bad! To have a neighborhood still look new. Nobody freaks out over anything, rules are not hard to follow. Usually, it is the person who does something first without even a thought to check and see if it is allowable who has problems. People do really stupid things. You find that out quickly in a non HOA neighborhood. Money is managed well, no issues. I know other people in other communities who say basically the same thing. Are there extreme ones out there? Sure. But finding out info is a lot easier than it used to be. If you see one you are interested in, go to their website, you most likely will see the bylaws there to download and review.
the information isn't new. You didn't say about HOA fees limits. Technically there is no limit to how much an HOA can raise dues each year in Florida. That said, within each HOA's CC&Rs there could be specific rules on raising dues. For example, some declarations may state that there can only be a 5% increase each year, however, this is on a case by case basis.
I live in an HOA, what I detest most is having to ask permission to fix or repair my home. HOA says when work is finished to let them know so they can inspect it, I NEVER contact them---never. Homeowner vote to increase dues or not, dues been increased 3 years in a row, I always vote no.
Just look in your town or village and see properties that are non-HOA compare that square footage with the communities that are Hué and some even have amenities on site. That’s the way you compare. Just use a Google search and you’ll find a lot of information about the same subject. Thanks for taking the time to watch and comment.
Subdivisions and the almost automatic HOA's which go along with them are in a large way southern creations. Due to a lack of strict zoning laws, you get planned higher density subdivisions and HOA's. HOA's for single family detached housing are almost unheard of if you come from northeastern or midwestern states. I say this because huge numbers of people are coming from these two regions.
You're correct. I just saw a history of North Long Island where huge mansions were built in the late 1800s. Less than a third are still standing. The trend was (and is) to demolish them and build high rise like they did with Rockefeller Center. 200 brownstone homes were demolished to build it. High density neighborhoods with single family homes that have 9 ft between them is normal now. But if a person wants to have their own garden, they should not have lawn maintenance imposed upon them without their consent. I battled this for years, they scalped my grass and killed it. Then it was up to me to replant the grass out of pocket.
Hopefully you’ve got a good one who will point out only what you’re looking for and give you your best options. Thanks for taking the time to watch and comment.
@@JerryPinkas - I think he's a good one. I've entered into a buyer's agency agreement with him. The thing that scares me most about HOAs is that they can change over time. It might not be bad now but some pushy neighbors might get themselves on the board and then wreak havoc. I was against HOAs from a long time ago and then I saw John Oliver's piece. Whooey!
You’re making a smart move and paying yourself into the future. Wishing you success with your new home. Thanks for taking the time to share your story and to watch these videos.
A POA rarely owns the property. And HOA on the other hand may or may not own the property on which the home sets. Another key difference is the type of entities involved with the organization. Hué is mostly deal with homes, whereas POA‘s represent homes and businesses.
They are enforced arbitrarily. Some rules are ignored completely, some are enforced to the letter. It all depends on who complains and who is in power. The only safe thing to do is follow all of the rules to the absolute letter or someone who doesn't like you might make your life hell.
I think I misread your question. The rules are enforced by contract law and in court penalties can be as high as the total loss of your property to the HOA.
Some other things about HOAs ...in some states they (the HOA) can foreclose on your house for unpaid fees. That's not just HOA fees either. That's late fees (you might not even know you owe). That's fines for you not putting your garbage can away on time. If you don't pay those fines or fees, and the HOA hires an attorney...that $400 fine can turn into a $12,000 fee overnight...and if you don't pay...you can get foreclosed and you house auctioned off...for real. There have been HOAs with people on the board that have done this to residents only to buy them out from under them at auction for pennies on the dollar. You can get copies of the rules, and the minutes of meetings...but that's not going to tell you about the personalities of the people on the board. I would never in 100 years live in a place with an HOA...ever.
Thanks for watching! Did you see the other video I did about that? HOA HELL? HOA HEAVEN? 10 Things NO ONE Tells You About The Problems with Homeowners Associations - th-cam.com/video/Gs6-hxJtLqo/w-d-xo.html
I was an HOA property manager for years. Everything stated here is accurate. There is another part. How approachable is the management and the board? Good to bad management can turn on a dime. You can go from a board who has a sense of community to a board who's more interested in power and control. As an HOA property manager, please understand I had to take hard nosed stances on many of the rules. If I didn't, things like parking would have got out of hand real fast. I can't begin to tell you how many residents felt they were special--the rules didn't apply to them or they're only skirting the rules just a little. Even if it was the board who started to make exceptions, then everyone wanted an exception. Soon it becomes impossible to enforce any rules.
We live in a small HOA. There are 13 units. It is fanatical. The HOA fee is reasonably. The management company is efficient and responsive. What I like about this HOA is that there is no queen bee. At the moment, there is NO ONE on the board.
I’ve heard HOA horror stories , but personally, I’d never even consider living in a neighborhood without a strong HOA. Property costs too much these days to risk someone moving in next door who parks a massive truck with jacked up wheels on the front lawn, or thinks that purple is a perfect house color. As you rightly say, it’s absolutely key to get a copy of the HOA Rules and go over it carefully, BEFORE you buy the property, so you know you’ll be a good fit from the start.
@@sergeyn.syritsyn6748 I’ve never experienced that, and of course, the other side is that you have no obligation to buy, and it would be foolish to do so, until they hand over the HOA rules.
Tell me you're a Karen without saying you're a Karen. The only real pro to an HOA is that if a neighbor does (Or has) something you don't like, you can complain to the HOA and they can hopefully get them to stop. But that can also be a big CON if a neighbor weaponizes the HOA to cave to his unreasonable demands. Case in point? I used to work with someone who told me that a buddy of his had a really nice house in an HOA neighborhood with a 3 car garage. He had a vintage 1960's Camaro that was in concourse condition with all numbers matching. As such the engine produced that lovely "lopey" sound, and anyone can tell you that the sound comes from the cam in the engine, not the exhaust. All the neighbors liked his car and thought it was cool.... until a manbaby moved a couple of houses down and started complaining about it. The car's owner offered to not rev it up, drive past his house, not start it up during certain hours, etc. Very reasonable. The manbaby wanted him to take the car and store it offsite somewhere or "fix" the sound. Yeah, uh.... no.... ....So anyway, the car owner started receiving letters from the HOA that a neighbor complained about his car. His responded back that he offered to make reasonable concessions and the guy turned them all down, so he is out of luck. Fast forward two more letters and one day he sees a tow truck backing into his driveway. The tow truck driver said "I'm here to remove a nuisance vehicle from this residence." The car owner said "The hell you are not." The tow truck driver actually had the nerve to get out of his truck and make a beeline for the guy's garage. Well after the man threatened to call the police - because the tow truck driver was technically attempting breaking and entering - the two truck driver left and said "Call your HOA I'm not dealing with this crap." So he turns. Turns out the HOA has a "nuisance vehicle clause" where if they receive more than three complaints they send a tow truck to remove it. Needless to say, he put his house up for sale due to the HOA siding with the manbaby. Now if that was me, I would choose to live in a non-HOA house so I if a neighbor doesn't like my car's engine sound I can tell him to kiss my ass. Also, let's say he doesn't like that security cameras I put up records audio. I'll tell him to pound sand. What's he going to do, call the HOA? Haha.
I have lived in both and I will take HOA every time it keeps out so many problems like political signs and flags,people having cars up on cinder blocks in their drive way. How about the guy who puts a 23 foot camper in his drive way and let his daughter and 3 kid live in it.I don t like rules but they can come in handy some times
I think they need to present there audit to the members. And that they need to be investigated by state authorities. Not local since they have influence
I am looking for raw land, and having a hard time finding one that doesn't already have an HOA. Gimme a break... $500 a month? There is nothing on it. It only has electricity!
Thanks for watching. Did you see the video I did about that? What You MUST KNOW Before Buying Land and Building A House 2023 - th-cam.com/video/bzIQv5Sd6ao/w-d-xo.html
My HOA was very selective about what they would enforce. My next door neighbor would let her dog out of the front door unsupervised and come into my yard and urinate on my bushes and poop on my grass. I complained over and over and they would do nothing about it. But someone hit my mailbox and I bought a replacement that was identical except the door had a handle instead of the little tab on the front and the ‘board’ lost thier minds and wouldn’t allow me to put it up. Moving soon…
SC Beach Towns You Can Actually Afford To Live In -> th-cam.com/video/n2kEXk646-8/w-d-xo.html
AVOID LIVING IN A 55 PLUS COMMUNITY - Problems in Adult Retirement Communities -> th-cam.com/video/kUibKY4GkQg/w-d-xo.html
one more thing the Same kind of house wiht a hoa maybe 300k but a none hoa in the same area is 500k
@@stevemyopinion423 Thanks for watching. Glad you enjoyed this helpful video
Here in Florida I have looked at a lot of houses for sale. The asking price of a house in an HOA is almost always lower than an equivalent house not in an HOA. People are willing to pay more not to have to deal with an HOA. That fact completely destroys the myth that HOA's maintain property values because it is easy to prove that they don't.
Thanks for watching and commenting
HOA fee feels like paying rent as a homeowner. That is one reason I avoided homes with HOAs.
The developer of HOA communities will subsidize the cost of building things like internal roads. But when you move in he dumps all of that on the homeowners causing the HOA fees to skyrocket. The communities are also usually built with golf courses to make the area seem more desirable but always fail.
100% agree. I have seen people pay more to avoid HOA costs.
I have a great 2 bdrm 2 bath condo in Central Florida for sale reasonable. condo association
I live in a community with an HOA. The home I bought was the first house I ever bought. It is a corner house and thus has twice the landscaping of any other house (big mistake). Five huge pine trees in front and on the side, and four very tall palm trees in the back garden. The landscaping maintenence is a significant expense. The trees have to be professionally trimmed each year. The pine trees drop carpets of needles which have to be blown and vacuumed. Two pine trees became diseased and cost $2000 each to remove (mandated by HOA). In short, don't underestimate the cost of maintaining trees, bushes and lawns. Buy a house with the minimum landscaping needs.
Oh Wow! Thanks for sharing your story and watching
@@zuzanazuscinova5209 Thanks for watching
I think blowing out needles is not healthy for the trees. They are supposed to be reclaimed by the tree while also preventing rival plants growing near because they make soil more acidic when they decompose. So it is no surprise to me that after such "care" some trees got sick. Pine trees probably have hard time growing on a lawn.
I don't have HOA, but I totally agree with the trees 😂
I am surrounded by trees, and the amount of leaves that fall in autumn is too much. And some trees lose their leaves throughout the winter until spring. And these trees are not even on my property... but the leaves land on my property.
Sometimes, I wonder why I am cleaning leaves that are not from the trees on my property.
I had an HOA when I owned a condo. Went to the meetings and voted on agenda items, such as painters and landscaping contractors. I didn't know single family home owners had to pay out of pocket.
I'm an American expat, that lives and owns properties in Central America. One of my properties is within a HOA in Costa Rica. This is my first HOA experience, and my last! The HOA is polarized, toxic and problematic. I plan on selling this property in the near future.
Thanks for watching and commenting Glad you enjoyed this video
Excellent, straight forward info. We are in a Florida HOA community which has a golf course. The amenities are open to the public (golf course, restaurant) all have lost big money over the last five years. Our yearly HOA fees have increased dramatically over the last few years with most of proceeds supporting golf course. I have serious concerns going forward and considering selling. Unfortunately, our fees do not pay for anything related to our homes, yards or roads. It feels like we are throwing $$$$$$ down a black hole.
Thanks for watching and commenting Glad you enjoyed it.
Nick, do you live in Port Orange Florida? What you described sound familiar.
@@judithrees6919 No…we are in central Florida. If we decide to move I would not even consider another golf course community. Good luck to you.
There are too many golf courses for the number of people that play golf. Work to get it turned into a park ahead of time rather than let it get developed.
@@info781 That would be a wonderful idea. However the owner of the course would probably never agree to it. You see the developer of our community still owns the course and leases it to us for a ?? nominal fee. Unfortunately, we (homeowners) are 100% responsible for maintenance, upkeep and improvements. Bad situation.
I had an ex girlfriend who owned a house in an HOA. She had the habit of always ignoring their mail, and she didnt pay the fees for maybe 18 months...it was like $3500. They sold her house at auction and put a note on the door that she had 30 days to vacate the property. She tried to fight it legally, but was told it was too late.
Well, that sounds like exactly what should happen in the case when someone is not paying. Thanks for watching and sharing the story with others who may find it helpful.
Head in the sand
@@JerryPinkas Well it shows just the level of power these HOA's can have, and what they can do if you are not careful.
@@betsyr4724 ....Yes she was irresponsible, and paid a high price.
Sounds like you need a new gf. One who knows how to adult 😂
My neighborhood used to have an HOA. They got rid of it before we moved here. Amazingly enough.....the neighborhood didn't go downhill. It's actually a selling point now for people who need to move or sell their homes, since so many people have gotten burned by HOA's in the past.
If there is an HOA, that property goes into the never buy category. I want a neighborhood with old broken down cars in the front yard. Low tax area.
There are advantages to owning a home with no homeowner's association. No restrictive covenants, no HOA fees, no community rules or regulations. Wishing you success in finding your own piece of paradise! Thanks for watching.
Things like broken down cars in the front yard would likely be against local ordinances, not requiring the intervention of an HOA.
@@randystegemann9990 you are right if you are within the city limits. In More country or rural areas you may not have these ordinances.
@@tennesseeterri Of course, rural areas may have fewer ordinances, which why I said, "likely." Rural areas may also have fewer HOA dictatorships and neighbors in general to pester you. Sounds good to me.
Even with no HOA there can still be rules. Often a city has rules of its own about weeds, bushes, trees and unregistered vehicles. I was ordered by the city to reduce the height of my bushes and to cut down a dead tree (in my rear garden but visible from the street).
Bought a house in a great area. Know people who live there and all was well for many years. Then a group of “busybodies” slowly wormed their way into leadership of the hoa and quickly ruined it. There were over 50 homes sold in a year from people moving out myself included.
Stay involved in your HOA and vote.
My mistake was thinking it would always be run right.
Very good point! Thanks for watching and sharing your story
Better yet, get yourself and some likeminded friends on the board and dissolve it. If for whatever reason full dissolution is challenging then at a minimum pass into the bylaws that any and all future actions (including everything) can only proceed and pass with 100% total unanimous voting consent of all HOA members. That means that literally nothing can ever be done if even just one person says no. Effectively it nearly destroys the HOA.
@@PatrickDKing Its hard to do things like that because most hoa bylaws are already set and changing them is challenging.
We are living in a very degraded and unethical era. Nothing is being run properly anymore. Look at what’s going on in the schools with all this weird gender stuff. It sure wasn’t an issue when I was a kid. This country has lost its sensibility. We really need to get the lead, fluoride, arsenic and other neurotoxins out of the water supplies.
Too many busybodies
I live in a 55 plus community north of Tampa Florida. There are 60 units here built in 2017. Our HOA fee is 75.00/ mo. which is unheard of! There are no amenities but I wouldn't use them if there were. People are very nice here and everyone takes care of their property. Lawns and fencing are taken care of plus garbage. Our HOA board is very efficient and they don't get into your business. I love living here but it's a one of a kind situation. The HOA fee was a big plus when moving here 3 yrs. ago.
Sounds like you found a good one! Thanks for watching and commenting
Curious as to which community this is please. My daughter lives in Tampa, off Bayshore. I love Tampa ❤️
I would like to find out the name and address of your community. My association and Board of directors are my nightmare. I have lived in my home for 34 years, I’m sick and tired of their nonsense and management. I wanna move from here ASAP.
The problem is that no matter how amenable the HOA is when you go in rules can change and fees can go up and that ALWAYS makes your investment into a home unsecure.
Even if there’s a guarantee there’s no guarantee they will always find a way around the guarantee so you might get stuck and possibly even lose your home in the process
Thanks for watching and commenting
In 4 years, our condo in Garden City HOA went from $600 to $900. Also many random assessments for several thousand dollars at a time. After Hurricane Ian in September, we had $7000 assessment and that was the last straw for us. Just sold and are grateful to be out!
Based on the horror stories I have read, the board is key. If the board is a bunch of jerks(or thieves), living the HOA can be hell. If not, living with the HOA may be okay, at least as long as the present board is in power. The problem is that the board may change from one to the other.
I am looking right now to get away. My dues are at $396.00, going up to $500.00 The real estate agent told me none of this.😢
Truth IS the American dream is a nightmare 🤔🤔🤔 unfortunately, responsibility falls on any buyers shoulders to do RESEARCH of FACTS, RULES, and LAWS. Ignorance is no excuse ‘they say’. Sorry you have these issues, however, you’re not alone. Never buying before does and can leave you vulnerable. Get your research goin in order to fight back if necessary, and if a matter is concerning LAW-retain an attorney period or you WILL live to regret it! All attorneys work with budgets or payment plans and they save you stress, headaches, worry and actually SAVE YOU MONEY PERIOD! You can CONSULT with any attorney for FREE! You might even get help from one NOW! Good luck my friend and consider this advice and HEED it🙏🏻🤔❤️
Great information. I live in Florida, which has tons of HOAs. I don't mind living in one but if I had to do it again, would have asked the following: when was the last time dues increased, when was the last time there was a special assessment, are there any special assessments coming up, and how much money is in reserve...
Thanks for watching and sharing
Your realtor should be asking this when getting the docs, or you should be asking. Be as nosy as a condo commando before you buy.
In nyc many - if not most - apartments are co-ops, not condos. Co-ops are essentially condos where the building forms an HOA. They are typically 15-20% cheaper than a condo, which is substantial in nyc. I live in a co-op and did all the due diligence you’re describing. I find the board to be super reasonable and the fees are partially tax deductible. This model probably works better for an apartment building, since I have no property that is “outside” that the HOA can impose arbitrary rules on. We just pool together to save money on shared buildings costs.
Yes but in a co op the underlying mortgage on the property which is over and above your mortgage can be very very high. You didn't mention that. I would never buy in a coop
I hear NY buildings are crumbling too.
Jerry, please continue to keep us informed of everything. Your videos are very helpful and informative and you tell it like it is. Thanks!
Thank you! I appreciate your comment Thanks for watching. If you subscribed...I'll see you in the next video! :)
A lot of people don’t realize if the HOA gets sued they could go after each and every tenant and charge them for the legal costs.
My mother spent most of her last years in an HOA community. She told me the neighbors don't get up in your business, but otherwise, it does nothing if a neighbor causes issues for your property. I have other close relatives who live in HOA communities. One of them was hounded over fake shutters that had barely noticeable damage. He got tired of it, and just removed them. Neither of their communities offer shared amenities, except a small park in one of them.
In a small, affluent Dallas-area subdivision, we thankfully had NO problems in over 10 yrs. with the HOA, nor did any of the neighbors have conflicts with each other. Families were all very polite & usually too busy to find picky fault with neighbors. Best place ever!
Thanks for watching and sharing
...For now...
Wait until you get the right neighbors. Then the fun starts.
You are providing a public service, thank you my friend!
You are welcome. Glad you enjoyed this helpful video.
In my country, anything that impacts on a purchase has to be disclosed prior to completion. It is not up to the buyer to go chasing about for information.
Thanks for watching
It is ALWAYS up to the buyer to chase about for information. The seller will only do the absolute minimum required. You will NOT get the information willingly handed to you that you are seeking. The barking dogs next door? I love dogs! The sewer smell that wafts by every night? I can't smell well so I didn't notice! The apartment complex that is being planned in the nature area across the street? Finally someone is doing improvements to that empty lot! Yeah, you won't be told what you want to know.
great info.. reading the minutes from the previous 12 mos seems like a good idea - ~ JDS/CT
Glad it was helpful! Thanks for watching and commenting
"Protect the value", that is pretty interesting because we all invest and want it to be as protected as possible, as long as our freedom and other people freedom is not impacted.
That's a very good point! Thanks dude!
You are welcome! Truly, thank you for taking the time to watch and comment on this helpful video
@@JerryPinkas And thank you to pointing me to the real point: the problem is not HOA per-se, but to find one that fit with you and your lifestyle, instead buying blindly.
And also one that is transparent, accountable and provision money for later on maintenance.
Is maintaining property values worth granting other people the power to fine you and possibly foreclose on your home? When you factor in that most mortgages are 20-30 years and you have no idea who’ll be running the HOA 10 or 15 years from now. I think not.
We owned a condo in the Fort Myers area for about 10 years. It was a small neighborhood part of a larger development. Ultimately we were under three management boards. Luckily the three different boards had hired responsible professional management companies. I was on the HOA Board of the local neighborhood board the last few years. Another lucky break was we sold our condo for a nice profit in June, a few months before Ian hit. We returned to our place in the North full time. All the points you made in this video and the later one (Florida Home Buyers Blindsided) are spot on. I would highly recommend them. Even though we have just experienced winter for the first time in a decade +, we are even more delighted with our decision.
Thanks for watching and commenting
New sub. Doing a lot of binge watching! Excellent video. But… I think you should not mix HOAs of multi-family units with HOAs of single family home neighborhoods. Completely different HOAs. Also I think you should do a video on how much power the HOA board can hold, and how difficult it can be to oust board members. I have over 30 years with multi-family HOAs and they can be a nightmare.
Thanks for watching and sharing
When looking at an HOA/Condo Association's financial statements, you need to pay particular attention to the percentage of revenue being generated from fines/penalties. If the community is getting more than an immaterial amount from these fines/penalties it could be due to an overzealous board/manager being nitpicking (especially management companies that get a slice of the penalties) or a community of scofflaws. Neither of these is desirable.
Thanks for sharing your story and thank you so much for taking the time to watch this helpful video
Good explanation Jerry, but in times like these, when good property comes up, you basically have 24 hours to send the offer, otherwise property is pending already.
This scenario is still happening in Florida, so if you’re out of State, your time to explore those HOA’s are kind of limited
In my country, anything that impacts on a purchase has to be disclosed prior to completing the sale. At the very least, HOA rules should be included in the listing.
Thanks for watching and sharing
Thanks for watching
The market in Florida is slowing down. Two townhouses in my neighborhood have been on the market for at least a month now. Last year they were selling within hours, with bidding wars.
I live in a townhome with a HOA. At the time I bought it, it was one of the very few homes in my budget even with the fees. Finances are in good shape and there was a only $10 a month increase this year and no increase at all last year. A special assessment for roof replacement before buying my house just ended. Still, I hold my breath every fall when they set their budget for their year.
Thanks for watching and sharing your story. Sounds like you found a good one.
Great Video Jerry. Thank you!
You are very welcome! So glad you enjoyed this helpful video.
Thanks for the info, my daughter wants me to move to an over 55, as she plans to do herself, but I am still active and able to mow my lawn, I just need to downsize to a cottage with no stairs, and I can’t afford HOA fees plus property taxes and possible future assessments. You helped me make the decision. Thank you !
You’re welcome! So glad that you enjoyed this helpful video and I truly appreciate you taking the time to watch it and comment here on this channel. See you in the next one.
I'm just 3:40 in but people can also obtain a copy of the declaration, bylaws, and rules and regulations from the county records or seeing if that HOA has a website with the info. Please also check out reviews online about the HOA. Some counties will even provide you with this information if you call and provide them an email to send it. If you're already going through the process you can also reach out to the title agent, they can provide a copy normally.
The meeting minutes will also let you know about the structure of the buildings and if there's any foreseeable issues that may cause a special assessment in the future. Also ask for a copy of the approved budget so you can verify reserves.
WHOA!! THANK YOU SO MUCH FOR ALL THAT GOOD INFORMATION..BECAUSE I'M LOOKING TO BUY A COOP SOON N ITS GOOD TO KNOW ABOUT ALL THAT BECAUSE YOU CANT TRUST LAWYERS ALL THE TIME TO TELL YOU EVERY LITTLE THING.
You are welcome. Glad you enjoyed this helpful video.
This video is so eye opening. GREAT VIDEO
So glad you found this video helpful. Thank you for watching and commenting
very helpful info! Definitely taking it in consideration.
Thanks for watching and commenting. Glad you enjoyed this helpful video.
What if I suspect my HOA is robbing the coffers?
If my HOA is not repairing anything including light bulbs in commons areas and leaky AC lines that are damaging units.
I am glad I live in an HOA community. I don't have to worry about yard work, exterior building maintenance, snow removal. My neighbor can't leave their rusty old car leaking oil in the driveway and paint their house in bright fuchsia pink. Units sell in reasonable time at good prices.
I bought a condo in a small complex. I didn't know much about HOAs, but I knew the smaller the better. Nice people. I've now joined the board. The only problem is that they're too cheap. Soon some expensive maintenance will need to be done and I think they're currently in denial. The value of the small complex is extremely high, and expecting to get by on the cheap isn't realistic. Jerry is absolutely right. Single family residences (especially without HOA) are great. I get it. But people that say they'll never pay HOAs should add up their own single residence maintenance bills. Unless it's a very new house the bills for roofing and such and repairs come to bigger numbers than they let on.
The price of freedom is high, but without freedom life is meaningless.
@@dansmith5012 - You get the bizarre comment of the thread award. Freedom, like everything else in life, involves tradeoffs. You want absolute freedom? Don't get married and squat in a hut in the woods. Otherwise, you choose your tradeoffs to allow you to do what you need or want to do involving banks, local governments, and sometimes HOAs depending on the options available to you and/or the tradeoffs you chose to make.
We left community association life three years ago up in Virginia. Our final move will be to the south but a place where we can have a gorgeous little home without an HOA or condo assn.
Thanks for watching and sharing your story
I agree with D Parks. You should do a video on how much power the HOA board has. What if an owner disagrees with HOA board decisions?
Wish I had known all these things before buying my home.
Glad you found this video helpful, so sorry you didn't see it before you bought a home. Thanks for watching and commenting!
I’m very happy with my HOA, it’s one of the reasons we bought the townhouse where we did. The grounds are meticulously maintained, if we ever have a problem it’s addressed immediately, it covers everything but electric. I’ve lived here for 5 years and never had an increase, and I even got a new roof last year. True it’s not for everyone, but it’s perfect for us.
Thanks for watching and commenting
You are fortunate. My dues have gone up each year for the past three, and I had a special assessment for a new roof. I also had to pay to replace the skylights out of pocket.
I've been renting a unit for about 5 years. What I found a bit odd is that they change the managing company almost every year! That smells like a red flag but I can't understand why. The owner is also stonewalling and never lets know what's happening in HOA. Otherwise all looks good on the surface, never ran into big issues.
My wife says she’ll never pay for an HOA she has a friend in Florida that pays $900 a month but I see some value in your video
Thank you! Glad you found value in this information. Thanks for watching
I paused the video as your cars reflection was in the houses glass doors.. Red new C8 corvette?
LOL it is a C8
I have lived in a HOA community for thirty years. We are very well taken care of. Property values have been excellent. Well maintained and managed.
You found a good one! Thanks for watching and commenting
I was looking at Eagle, Colorado property on Zillow. One of the property caught my eyes, it was an unimproved large acre of lands. The property is listed for $100K. HOA due is $100K per year with no house on it. Ouches, not sure if this is a misprint.
Thank you for the helpful information 😊
My pleasure 😊 so glad this information was helpful to you. Thanks for watching!
Excellent episode.
Thank You! So glad you enjoyed this helpful video. Thanks for watching.
Great video sir!! Thanks for the information.
You’re welcome! Truly appreciate you watching and taking time to comment
Excellent presentation thumbs up
You are welcome, thanks for watching. Glad you enjoyed this helpful video!
I will stay absolutely away from HOA period
Thanks for watching and commenting Glad you enjoyed this helpful video.
Every board that has volunteers has the “queen bee”, from an HOA to a school board.
Thanks for sharing. It is much appreciated.
Can you please do the state of Texas. How is it in Texas?
What are some of the better states to move too?
Thanks for watching. Stay Tuned there will be one about Texas latter this summer here on this channel! Did you see the video I did about Alternative Places BEFORE Buying, Relocating or Retiring to FLORIDA - th-cam.com/video/VRTjNfGeybY/w-d-xo.html
At one point, I was searching for homes in Colorado, and I saw that non-HOA communities often had some serious junkyard homes, homes with cars and scraps in the yard, and even one horror show house that honestly looked like from Freddy Kreuger, eerie! I prefer a very cheap HOA community ($30/mo) that just does yards, trees, and trash.
Thanks for sharing your story and thank you for watching
The real problem is when a narcissist is used to being a jerk and getting by with bad behavior.
Ignored they bought into an HOA and does stupid trash things and tries to bluster out of compliance.
Thanks for watching
This information is helpful! Thanks!
You're welcome! Glad this video was helpful for you.
I have two homes, both are in HOA’S. I took the time to read the governing docs before both purchases. I love living at both homes. I appreciate the shared expense of common areas.
I was told that the Taliban were the very first home owners association.
Is that true?
Jerry I'd love to see one of your videos on the 55+ RETIREMENT communities in Palm Beach County FL. Do you have one?
Can you explain the high HOA's of North Tower condos
and what they cover? What dies the property owner has to pay out of pocket. Do they have covered assigned parking for owners?
Are you talking about North Towers in Myrtle Beach South Carolina? Feel free to give our office a call at 843-839-9870
Excellent information‼️
The place I bought had an HOA but it was disbanded a few years ago. Not something I've ever heard of anywhere else.
Thanks for watching and sharing
In my HOA area the biggest issue is parking lot not having enough spaces for cars 2nd is painting the house or fences and load music. When we moved in back in 1999 it was peaceful area now it just went CRAZY
Oh Wow! Thanks for watching and sharing your story
We don’t have HOA here in the UK. You get some tenement style buildings that have service charges, including ones now that are trying to charge millions for cladding replacement since the Grenfell fire a few years back (building owners put cheap cladding up and are now charging people to replace it).
Evil.
Thanks for watching and sharing
Can you request the bank statements from the HOA? See if they match the annual budget/ statement sent to residents. I strongly suspect monies being misused/ pocketed off the books. Mgt. and board are running the club like its their private kindgom. They continually ignore valid safety issues. They are extremely lax with the security never removing outsiders from beach areas. Its become a public beach in a private community.
Thx.
How many dissociations need to report their finances to all homeowners. You could find that in the current budget. Check to see all the money coming in and where it’s going out and to who. Thanks for watching and commenting. Glad you found this video helpful
Like with every business; management makes a big difference. As for HOA inclusions, the last year of looking while renting in South Florida I’ve seen like only two HOA’s including basic cable. The rest just water, lawn care and access to the pool, and clubhouse. By the way rents are outrageous yet people are still competing to get anything to live in.
Comparing what's included and what you get for the money is very important when looking at HOA communities. Thanks for watching and sharing
I have a 2 bdrm 2 bath condo for sale in central Florida reasonably
Never in a HoA again.
5:30 that's great and all for those who don't care how this stuff gets done or the quality of these services. But what about those who shop around for the best quality jobs for the cheapest prices?
Thanks for watching and commenting
When I bought house I didn't sign HOA agreement nor see HOA rules. Am I still HOA member in the community?
If the home is part of an HOA you are subject to the rules. But that sounds more like a failure to disclose...and I would talk to an attorney about that if the sellers did not disclose that to you before buying. Thanks for watching and sharing
NEVER NEVER NEVER
Just bought house Fayetteville NC and the HOA is dissolved. That mean my community do not have HOA any more right?
That would mean you want to look further into that. The legal procedure for dissolving an HOA will vary based upon differences in state law and the processes and procedures. Thanks for watching and commenting
@@JerryPinkas Thanks for your respond.
@@youtubeaccount8221 You are welcome
Loose covenants, conditions and restrictions are not loose for you to enjoy your home with more freedom . They are loose for the board and management company to interpret however they want and to refine with additional rules and regulations whenever they want.
Thanks for watching and sharing. Did you see the other video I did about that? HOA HELL? HOA HEAVEN? 10 Things NO ONE Tells You About The Problems with Homeowners Associations - th-cam.com/video/Gs6-hxJtLqo/w-d-xo.html
I'm in FL, HOA's are very common. Have lived in one over a decade. Over the years, only a few letters for doing some minor things which I quickly resolved. No big deal. Most bylaws are on websites of the communities, so you can find them there. No, homes do not have problems selling or sell cheaper, I've seen homes around me sell within just a few days! People don't care, they have other things they are looking for like location. No, I don't want to live next to somebody with broken cars in the front yard or irritating neighbors doing odd things, or some who think extremely odd color combinations for the house look good. They don't. Property value is maintained because you don't have a bunch of eyesores right next to you. Everything looks as nice as when the community was built. 2003! That isn't bad! To have a neighborhood still look new. Nobody freaks out over anything, rules are not hard to follow. Usually, it is the person who does something first without even a thought to check and see if it is allowable who has problems. People do really stupid things. You find that out quickly in a non HOA neighborhood. Money is managed well, no issues. I know other people in other communities who say basically the same thing. Are there extreme ones out there? Sure. But finding out info is a lot easier than it used to be. If you see one you are interested in, go to their website, you most likely will see the bylaws there to download and review.
Thanks for watching in sharing your story
the information isn't new. You didn't say about HOA fees limits. Technically there is no limit to how much an HOA can raise dues each year in Florida. That said, within each HOA's CC&Rs there could be specific rules on raising dues. For example, some declarations may state that there can only be a 5% increase each year, however, this is on a case by case basis.
Thanks for watching
I live in an HOA, what I detest most is having to ask permission to fix or repair my home. HOA says when work is finished to let them know so they can inspect it, I NEVER contact them---never. Homeowner vote to increase dues or not, dues been increased 3 years in a row, I always vote no.
It's almost like they own your unit and you're the renter.
@@cvinthe2255 I'm 4th in line for ownership, 1st in line is the Bank, 2nd the County Tax Collector, 3rd HOA, then last me.
I'm not looking to buy I just find this very interesting thumbs up!.
Fair enough! Thanks for watching
Do you have any data you can share that proves that HOA maintains property values as always stated?
Just look in your town or village and see properties that are non-HOA compare that square footage with the communities that are Hué and some even have amenities on site. That’s the way you compare. Just use a Google search and you’ll find a lot of information about the same subject. Thanks for taking the time to watch and comment.
Subdivisions and the almost automatic HOA's which go along with them are in a large way southern creations. Due to a lack of strict zoning laws, you get planned higher density subdivisions and HOA's. HOA's for single family detached housing are almost unheard of if you come from northeastern or midwestern states. I say this because huge numbers of people are coming from these two regions.
Thanks for watching and sharing
I live in the midwest and nearly all new developments have HOAs in my area. It is in no way regional.
You're correct. I just saw a history of North Long Island where huge mansions were built in the late 1800s. Less than a third are still standing. The trend was (and is) to demolish them and build high rise like they did with Rockefeller Center. 200 brownstone homes were demolished to build it. High density neighborhoods with single family homes that have 9 ft between them is normal now. But if a person wants to have their own garden, they should not have lawn maintenance imposed upon them without their consent. I battled this for years, they scalped my grass and killed it. Then it was up to me to replant the grass out of pocket.
I'm shopping for a house now. I have told my agent that I do not want a home with an HOA. If the home comes with an HOA, I will not even look at it.
Hopefully you’ve got a good one who will point out only what you’re looking for and give you your best options. Thanks for taking the time to watch and comment.
@@JerryPinkas - I think he's a good one. I've entered into a buyer's agency agreement with him. The thing that scares me most about HOAs is that they can change over time. It might not be bad now but some pushy neighbors might get themselves on the board and then wreak havoc. I was against HOAs from a long time ago and then I saw John Oliver's piece. Whooey!
Been renting apartments about my whole life. Buying home now. Don’t want another leasing office w an agent.
You’re making a smart move and paying yourself into the future. Wishing you success with your new home. Thanks for taking the time to share your story and to watch these videos.
After I sell, will NEVER go thru this again!
Can you do a video of the difference between HOA and POA?
A POA rarely owns the property. And HOA on the other hand may or may not own the property on which the home sets. Another key difference is the type of entities involved with the organization. Hué is mostly deal with homes, whereas POA‘s represent homes and businesses.
@@JerryPinkas Thank you
I haver never lived in an HOA community so I am curious how they enforce these rules.
Thanks for watching and sharing
They are enforced arbitrarily. Some rules are ignored completely, some are enforced to the letter. It all depends on who complains and who is in power. The only safe thing to do is follow all of the rules to the absolute letter or someone who doesn't like you might make your life hell.
I think I misread your question. The rules are enforced by contract law and in court penalties can be as high as the total loss of your property to the HOA.
Do what they say or else.
Some other things about HOAs ...in some states they (the HOA) can foreclose on your house for unpaid fees. That's not just HOA fees either. That's late fees (you might not even know you owe). That's fines for you not putting your garbage can away on time. If you don't pay those fines or fees, and the HOA hires an attorney...that $400 fine can turn into a $12,000 fee overnight...and if you don't pay...you can get foreclosed and you house auctioned off...for real. There have been HOAs with people on the board that have done this to residents only to buy them out from under them at auction for pennies on the dollar. You can get copies of the rules, and the minutes of meetings...but that's not going to tell you about the personalities of the people on the board. I would never in 100 years live in a place with an HOA...ever.
Thanks for watching! Did you see the other video I did about that? HOA HELL? HOA HEAVEN? 10 Things NO ONE Tells You About The Problems with Homeowners Associations - th-cam.com/video/Gs6-hxJtLqo/w-d-xo.html
Absolutely true. An HOA has to have power or some would not pay their dues.
There's nothing like fighting a toxic HOA while they use the dues that you paid to pay the lawyer that they've hired to fight you.
Great info!
Thank you. I truly appreciate your comments. Thanks for watching.
I was an HOA property manager for years. Everything stated here is accurate. There is another part. How approachable is the management and the board? Good to bad management can turn on a dime. You can go from a board who has a sense of community to a board who's more interested in power and control.
As an HOA property manager, please understand I had to take hard nosed stances on many of the rules. If I didn't, things like parking would have got out of hand real fast. I can't begin to tell you how many residents felt they were special--the rules didn't apply to them or they're only skirting the rules just a little. Even if it was the board who started to make exceptions, then everyone wanted an exception. Soon it becomes impossible to enforce any rules.
HOA is like a town board. You might have to roll up your sleeves and jump in to keep things from going nuts.
Good point! Thanks for watching and commenting
We live in a small HOA. There are 13 units. It is fanatical. The HOA fee is reasonably. The management company is efficient and responsive. What I like about this HOA is that there is no queen bee. At the moment, there is NO ONE on the board.
I lived in both HOA & non HOA. I would never live in an HOA community. It’s a total scam & waste of money for the most part.
Thanks for watching and commenting
Many years ago, a sheriff told me that he would not live in an HOA.
I’ve heard HOA horror stories , but personally, I’d never even consider living in a neighborhood without a strong HOA. Property costs too much these days to risk someone moving in next door who parks a massive truck with jacked up wheels on the front lawn, or thinks that purple is a perfect house color. As you rightly say, it’s absolutely key to get a copy of the HOA Rules and go over it carefully, BEFORE you buy the property, so you know you’ll be a good fit from the start.
Thanks for watching and commenting
Oppressor.
many HOAs have no obligation to show you rules until after you buy, and they won't
I wonder why that is
@@sergeyn.syritsyn6748 I’ve never experienced that, and of course, the other side is that you have no obligation to buy, and it would be foolish to do so, until they hand over the HOA rules.
Tell me you're a Karen without saying you're a Karen. The only real pro to an HOA is that if a neighbor does (Or has) something you don't like, you can complain to the HOA and they can hopefully get them to stop. But that can also be a big CON if a neighbor weaponizes the HOA to cave to his unreasonable demands.
Case in point? I used to work with someone who told me that a buddy of his had a really nice house in an HOA neighborhood with a 3 car garage. He had a vintage 1960's Camaro that was in concourse condition with all numbers matching. As such the engine produced that lovely "lopey" sound, and anyone can tell you that the sound comes from the cam in the engine, not the exhaust. All the neighbors liked his car and thought it was cool.... until a manbaby moved a couple of houses down and started complaining about it. The car's owner offered to not rev it up, drive past his house, not start it up during certain hours, etc. Very reasonable. The manbaby wanted him to take the car and store it offsite somewhere or "fix" the sound. Yeah, uh.... no....
....So anyway, the car owner started receiving letters from the HOA that a neighbor complained about his car. His responded back that he offered to make reasonable concessions and the guy turned them all down, so he is out of luck. Fast forward two more letters and one day he sees a tow truck backing into his driveway. The tow truck driver said "I'm here to remove a nuisance vehicle from this residence." The car owner said "The hell you are not." The tow truck driver actually had the nerve to get out of his truck and make a beeline for the guy's garage. Well after the man threatened to call the police - because the tow truck driver was technically attempting breaking and entering - the two truck driver left and said "Call your HOA I'm not dealing with this crap." So he turns. Turns out the HOA has a "nuisance vehicle clause" where if they receive more than three complaints they send a tow truck to remove it. Needless to say, he put his house up for sale due to the HOA siding with the manbaby.
Now if that was me, I would choose to live in a non-HOA house so I if a neighbor doesn't like my car's engine sound I can tell him to kiss my ass. Also, let's say he doesn't like that security cameras I put up records audio. I'll tell him to pound sand. What's he going to do, call the HOA? Haha.
Got out of an HOA and moved into a house, so much better.
That first drive through the neighborhood tells it.all.6 houses look great,then the hoarders.
Whenever I think about HOA's that movie The Colony from 1995 always comes to mind 🤣🤣🤣🤣
I have lived in both and I will take HOA every time it keeps out so many problems like political signs and flags,people having cars up on cinder blocks in their drive way. How about the guy who puts a 23 foot camper in his drive way and let his daughter and 3 kid live in it.I don t like rules but they can come in handy some times
Thank you for sharing your story with others as to what is really happening in communities with out an HOA. Thanks for watching
Probably depends . I personally will not live in one. I've got a friend who isn't allowed to cut a tree branch without permission.
@@jaredglass2562 Oh wow! Thanks for sharing!
Those things are usually prohibited by a city's ordinances.
Yes rvs and boats are not pleasant to look at
great imformation
I think they need to present there audit to the members. And that they need to be investigated by state authorities. Not local since they have influence
I am looking for raw land, and having a hard time finding one that doesn't already have an HOA. Gimme a break... $500 a month? There is nothing on it. It only has electricity!
Thanks for watching. Did you see the video I did about that? What You MUST KNOW Before Buying Land and Building A House 2023 - th-cam.com/video/bzIQv5Sd6ao/w-d-xo.html
My HOA was very selective about what they would enforce. My next door neighbor would let her dog out of the front door unsupervised and come into my yard and urinate on my bushes and poop on my grass. I complained over and over and they would do nothing about it. But someone hit my mailbox and I bought a replacement that was identical except the door had a handle instead of the little tab on the front and the ‘board’ lost thier minds and wouldn’t allow me to put it up. Moving soon…
Should have checked first🤡 good luck in this market
@@thomasmoroney1079 I’ve lived here for 15 years. I just closed on a new build with no HOA, same zip code.