Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

  • basic_spud@kbin.social
    link
    fedilink
    arrow-up
    4
    ·
    1 year ago

    This is getting more and more difficult, sadly. Almost all new housing development is done by corporate / bulk build, which are almost always governed by HOAs

    • Neato@kbin.social
      link
      fedilink
      arrow-up
      4
      ·
      1 year ago

      Yep. Something like 88% of new builds in the US are built from the start with HOAs.

      • bluGill@kbin.social
        link
        fedilink
        arrow-up
        1
        ·
        1 year ago

        Once you live there though you can vote to disband the hoa. Read the bylaws carefully and consult with a lawyer to see what local and state laws are (remember too you can change those laws and make hoa provisions you don’t like invalid).

        I only once lived under a hoa. I agreed because I had it in writing I could keep up to five cows on my property. (Not that o did, but it was allowed)