why are HOAs becoming more popular as time goes on?
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It’s become the preferred way of financing new subdivision development in the world. In the US some of the rules are a bit more aggressive… but all over the world it pushes the costs of development and maintenance off to private firms. What HOAs get in return is the ability to groom the neighborhood to look like something that will sell and help maintain the standards of the neighborhoods so as to maintain or increase property values for future sales.
Since people buying into HOAs tend to be okay with how things are they tend to use whatever power they have to make sure things stay the same. That’s why whenever you hear a story about one person with an extra potted plant in their front step getting fines from the HOA there’s usually no one in the community defending them.
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