shironinja posted... sorry you dont live outside of a HOA so that you can let your investment degrade and never have to take care of it until it falls apart around you.
https://independentamericancommunities.com/2019/06/18/new-research-busts-myth-that-hoas-protect-property-values/
Unlike previous research, which analyzed home sale prices of HOA vs. non-HOA homes, this study examined the percent change in a homes value over time. It then compared appreciation rates of properties in HOA and non-HOA communities.
Comparing a homes most recent sale price to its previous sale price, Robertson determined the Annual Percentage Return (APR) for each home in the random sample of three Counties selected.
The data reveal something unexpected by many in the HOA industry. According to the data, homes that are not governed by HOA covenants, restrictions and rules increased in value, on average, at a significantly higher rate than homes located in HOA-governed communities.
Put another way, properties in HOA-governed communities have a lower return on investment than homes outside the boundaries of HOAs.
And, as Robertson aptly points out, his data analysis does not factor in the payment of HOA assessments and fees over the course of property ownership. That, he says, would further reduce annual percentage return on investment for homes in HOA-governed communities.
In other words, Robertsons research offers more hard evidence that HOAs do not result in higher property values in relation to homes in non-HOA communities.
Womp womp!
Got any other lies to peddle?