why are HOAs becoming more popular as time goes on?
In: Other
The practical motivation is that it usually takes a year or three to sell all the units in a new development, and the developer wants to enforce rules on the people that buy early in that period so they don’t do things that would make the remaining units less appealing. You don’t want the house you’re trying to sell to be next door to a dead lawn, or a 50 foot tall statue of Taylor Swift.
When the last unit is sold, the developer pulls up stakes and leaves residents of the development running the HOA, so they can all get on Nextdoor and start complaining about the Anderson windows salesmen.
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