I understand what HOA’s do, and was first introduced to the term in a condo building (not mine). I understand in a condo building, or high rise, you’re all sharing one building and need to contribute to that building’s maintenance. But I don’t understand HOA’s in neighborhoods…when you live in your own house. Is it only certain neighborhoods? I know someone who lives on a nice street in a suburb and there’s no HOA. Who decides if there is one, and what do neighborhood HOA’s exist for? Are you allowed to opt out?
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HOAs are horrible until you actually need one.
I have a family member whose home value cratered due to an insane neighbor that – literally – spray painted highly detailed graffiti of genitalia on the side wall of their home.
Under an HOA, that would’ve never happened, and my family member’s home would still be salable.
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