Quote:
Originally Posted by DonkeyChip
But they do not keep property values up, that is the biggest steamy pile ever. A $20 lawn mowing isn't going to affect the value of a $100K home next door and the notion that it will is pretty lol.
Most people don't like HOAs. I know I would pay LESS for a home in an HOA than an equivalent home that wasn't...so an arguement could be made that they actually reduce property values. A community with a bunch of speed bumps? Now the value of those homes just went WAAAYYYY down and in reality, I'm just not buying that home. Because of the HOA.
Are you kidding? I wouldn't even consider moving into a neighborhood where several houses look like it's owned by trailer trash. I drive through neighborhoods like this every day and there is a nice house or two in there that is well kept, then a ton of rentals or other crappy houses that are just disgusting. No surprise, the value of the houses in that neighborhood are significantly lower.
There are also amenities that they can provide, such as play areas for kids, swimming pools, etc... Those will raise property values.
Now they certainly do get taken over by people who are overzealous and life nits, and that is a flaw with them, but there are good and bad with them.