Why Homeowners And Renters Are Struggling In The U.S. | CNBC Marathon

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@randalanderson5027
@randalanderson5027 4 сағат бұрын
I had my HOA contacting me about a weed while I was deployed to Iraq, I brought that up and they told me that wasn’t their problem. They managed to fine till I got home. I was able to resolve it after I ran into the HOA President at the mailbox, I helped him see the light. They dropped the issue after that and my attorney filed a lawsuit against all the HOA members for violations for the Service Member Civil Relief Act. I will never live in an HOA again.
@InsightfulJayy
@InsightfulJayy 3 сағат бұрын
😮😮
@Rust_Rust_Rust
@Rust_Rust_Rust 3 сағат бұрын
Did you win the lawsuit though?
@DieselPurge
@DieselPurge 2 сағат бұрын
Thank for service 🪖
@snap4720
@snap4720 2 сағат бұрын
Military personnel shouldn't have to pay an HOA fee, IMO
@Denverian
@Denverian 2 сағат бұрын
​@@Rust_Rust_Rust probably settled and took some cash. waiting for the actual answer...
@vomitron678
@vomitron678 6 сағат бұрын
HOA wants to fine for not trimming my hedges on time, but the moment I ask HOA Karen how they could afford their new Boat, suddenly I'm crossing a line.
@who2u333
@who2u333 3 сағат бұрын
The HOA board is elected by you and your neighbors. Vote Karen out. But if participation is too inconvenient then that is on you.
@mr2fas2
@mr2fas2 3 сағат бұрын
You wanted HOA. You got what you wanted. Get the neighbors together
@merlinious01
@merlinious01 2 сағат бұрын
​@@who2u333 It is becoming increasingly common for developers to intentionally maintain ownership of a majority of the lots in the HOA in order to maintain a permanent voting majority. You cannot vote anyone out nor enact any changes.
@user-nz7dd3sg5c
@user-nz7dd3sg5c 2 сағат бұрын
​@who2u333 easier said than done, I've read a bunch of stories of HOAs changing the bylaws by having an "express" meeting at odd hours when most of the owners are not available, "oh sorry, the meeting was at 4 pm, oh no, you've missed it it was at 5 am" Or HOAs with bylaws that makes it that only a particular set of people can be on the board. They are scummy and will find a way to stay.
@AE-sy1pn
@AE-sy1pn Сағат бұрын
Its in the by laws. Everything they are doing is legal.
@itsa11good23
@itsa11good23 4 сағат бұрын
I would never buy a home in an HOA…
@rockjunkie1699
@rockjunkie1699 4 сағат бұрын
problem is a large percentage of new homes are built in HOAs due to current incentives, so in many places you can either rent (sometimes to a landlord that charges +20%/yr) or buy through an HoA
@Plutogalaxy
@Plutogalaxy Сағат бұрын
What incentives?
@JohnFraser-zc8cu
@JohnFraser-zc8cu Сағат бұрын
@@Plutogalaxy municipalities don't want to maintain the roads, so give developers an easier path to permit if they enact an hoa.
@derek2479
@derek2479 Сағат бұрын
@@JohnFraser-zc8cu Odd that one still has to pay the municipality property tax, HOA or no. You know...the taxes that pay for road maintenance, plowing etc. that they don't do.
@Plutogalaxy
@Plutogalaxy Сағат бұрын
@@derek2479 even odder it that every single person that buys in an HOA does it voluntarily and agrees to follow all HOA rules.
@tranger4579
@tranger4579 5 сағат бұрын
I’m glad I own my home. Old Craftsman built in 1945 fully remodeled. I paid 898 dollars in taxes and we have no HOA. I can bbq and drink beer on my font lawn in my boxers on a Saturday morning. Nobody is going to tell me squat. That’s what homeownership is all about. I don’t get this fancy house complexity these days.
@MrTmenzo
@MrTmenzo 4 сағат бұрын
You're just lucky homes were dirt cheap in your years.
@andresmattos7541
@andresmattos7541 4 сағат бұрын
But alcohol is consodered a carcinogen
@Bengy22
@Bengy22 4 сағат бұрын
That's where they get you though with the taxes, 1945 home but $900 a month in taxes is crazy. Still beats where I am, even a 400k home is over that
@tranger4579
@tranger4579 4 сағат бұрын
@@Bengy22 that’s my yearly. I bought the house in 207
@Bengy22
@Bengy22 4 сағат бұрын
@@tranger4579 I could only dream of my taxes being that low, would be a home under 40k
@KC-bz7eb
@KC-bz7eb 3 сағат бұрын
This is why, I made sure my first home purchase was no where close to under HOA. I heard too many horror stories due to HOA. They are like small mobsters having control over your home.
@NoteAndroid
@NoteAndroid 4 сағат бұрын
I live on both sides of the Atlantic continents. I'd received 2 HOA warnings of grass higher than "5" inches in the heat of the summers during 12 years of house ownership. I maintained calm, collected, and did not even complaint. I quietly waited until my house price came to the highest market price, a quick sold got rid of that Florida HOA/house. No matter how much I loved and missed that house, it's the HOA that kept me running away from their corruption.
@JJSeattle
@JJSeattle 5 сағат бұрын
I rented an apartment in Redmond WA (home of Microsoft), for 15 years straight $700 to $850 a month, been going up $200 a month every year for 10+ years, same junk, old apartment is now $2,500...
@Aaron_R
@Aaron_R 4 сағат бұрын
The renting story and homeowner and HOA story are completely separate issues. The cost for landlords has gone up dramatically - the building manager, leasing agent, tradesmen, drywall/painters, lawyers, and the cost of an eviction. Also the landlords are competing with each other for best tenants. Bad tenants are nightmares (crime, drug problems, non-payment of rent/trashing the place/destroying property).
@SeattleBoatdog
@SeattleBoatdog Сағат бұрын
There is a five generation SE Asian family living in there now …
@steviecoleman9260
@steviecoleman9260 4 сағат бұрын
I would rather live in the Hood, ghetto before I live in an HOA..
@randyreadstheholyquran2342
@randyreadstheholyquran2342 9 минут бұрын
Preach
@Seanpfree
@Seanpfree 3 сағат бұрын
In an HOA, you do not own the home. You're just allowed to live there IF you pay the mortgage and the monthly randsom.
@Plutogalaxy
@Plutogalaxy Сағат бұрын
Funny, your deed says otherwise.
@derek2479
@derek2479 Сағат бұрын
...and municipal property tax...what a racket.
@mylesgray3470
@mylesgray3470 5 сағат бұрын
My biggest issue with HOA’s is they are a for profit business and they get more and more expensive as time goes on. $800 a month is the typical fee in Bellevue Washington where I was looking.
@billydotson3598
@billydotson3598 4 сағат бұрын
You just described government. Have to seek funding, but get bigger and bigger with time.
@Plutogalaxy
@Plutogalaxy Сағат бұрын
They are a for profit business, sorry you’re misinformed.
@mylesgray3470
@mylesgray3470 Сағат бұрын
@@billydotson3598 that is absolutely true too. Bigger and bigger, more and more waste.
@easyrider3112
@easyrider3112 4 сағат бұрын
Had a home builder build and sell hundreds of houses advertising that they were non-HOA. When they were down to the last lot they sub-divided the last lot into a thousand tiny lots and voted the neighborhood into a HOA they controlled. They foreclosed on 25% of the homes and resold them within 2 years. They're trying to get the others 75% to this day. HOAs are never good.
@HDCybersun
@HDCybersun 3 сағат бұрын
That's not how HOA's work. If you bought the house before the HOA existed, no neighborhood or body can force you to sign into the newly founded HOA. Doesn't matter if they suddenly split the last lot into thousands and outvoted people, had you bought your house in that neighborhood prior to the establishment of the HOA they can't do anything at all to force you into it without you specifically signing their contract documents saying they can do so.
@merlinious01
@merlinious01 2 сағат бұрын
​@@HDCybersun That is not always true, unfortunately. In some jurisdictions if you are surrounded by lots that vote to form an HOA you can be forced into it.
@Educated2Extinction
@Educated2Extinction 2 сағат бұрын
This seems questionable. To split a lot into a thousand of lots capable of having a home on it, the lots would need to be at least 100 acres each. I really don't see an HOA with the majority of the lots not being large enough to build on surviving a court challenge.
@AE-sy1pn
@AE-sy1pn Сағат бұрын
​@HDCybersun you know every HOA rule in every HOA in the US?
@mattcorley4622
@mattcorley4622 Сағат бұрын
It doesn't matter if this is legal or not. What matters is do you have the financial means to fight the HOA in court. Even if you win that court case the HOA can simply start the whole process over. HOAs are the best example of America living in the future dystopia now.
@NightTrainIndustries
@NightTrainIndustries 53 минут бұрын
I was able to single handedly dissolve my HOA. It takes a little effort, but I convinced everyone that there is no point to us having an HOA. We have nothing. We have no pool, no park, just a common area the county owns. We were just paying 20 dollars a month to a property managing firm for the strip out by the road. Unfortunately, a few years later we do have some bad looking houses. Some people are just lazy.
@Heroes4S
@Heroes4S 4 сағат бұрын
Buying a house only for someone to tell you what to do. That’s like living in a rental.if I feel like having 20 cars on my property. I should be able to do that without problems. 😂😂😂😂
@Plutogalaxy
@Plutogalaxy Сағат бұрын
That’s why HOA’s are 100 percent voluntary.
@AnaDiaz-wz4cf
@AnaDiaz-wz4cf Сағат бұрын
My friend said her HOA Karens want to ban any cars that are older than 5 years from parking where they are visible from the street. For example, if you have a 2018 carry it would have to be kept in the garage at all times.... they're getting ridiculous
@omarlydner9988
@omarlydner9988 2 сағат бұрын
I don’t think you could find a HOA in the state of Florida for under $500 a month let that sink in
@etebol
@etebol 5 сағат бұрын
We are struggling because the Uber rich are choking the hell out of us.
@evg3nius
@evg3nius 4 сағат бұрын
No No No Man. It's because "climate change" causes the insurance companies to charge us more, they make so little money they are forced to do it. Poor insurance companies!
@tabithan2978
@tabithan2978 3 сағат бұрын
Do not buy a home in a community that charges HOA fees.
@jimv77
@jimv77 3 сағат бұрын
Funny how our neighborhood newsletter actually list a few houses that have 3-4 years of past HOA dues balance. Also on Closing Day, the realtors ask ME to pay the previous owners HOA past dues in order to close....I said No Way... What a joke HOA!....but it's hard to find Non-HOA in most 'burbs nowadays.
@KimberlyO.Kitchens
@KimberlyO.Kitchens Сағат бұрын
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
@Saviourtina-c4i
@Saviourtina-c4i Сағат бұрын
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone wants to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
@KarenJ.Mancia
@KarenJ.Mancia Сағат бұрын
The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial markets.
@juliasalley
@juliasalley Сағат бұрын
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
@KarenJ.Mancia
@KarenJ.Mancia Сағат бұрын
'Stacy Lynn Staaples' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@JasonB.Chisolm
@JasonB.Chisolm Сағат бұрын
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
@SC-or2ek
@SC-or2ek 5 сағат бұрын
In my area you can spot an HOA home they have a listing that cheaper than the other listing that without HOA . HOA home resale value Cheaper than home without HOA FEE. They're cheaper for reason . When you click on home That look newer You will see higher HOA fee .and most people will avoid at all cost . As for me if new home that has an HOA . I don't even bother go see .
@Blukoi1
@Blukoi1 4 сағат бұрын
Glad I bought a home without an HOA. Not gonna deal with their BS.
@dvandal674
@dvandal674 4 сағат бұрын
The dumbest part of an HOA is the ability to foreclose on your own home with no consequences and no reasons…at least in Florida, not sure about the rest of the country. I hate that the board or whoever in charge can literally tell any homeowner how to live no matter what.
@jackleung0124
@jackleung0124 4 сағат бұрын
I owned a house with a HOA. I once tried to upgraded my outside and garage lights to the better, motion sensor, automatic on during dawn. And that stupid HOA gave me a letter stating that I must use that particular old fashion, outdated lights (yet, they are more expansive !!!). Then I swear I would never buy another house with HOA.
@Plutogalaxy
@Plutogalaxy Сағат бұрын
I guess you should have read the HOA regulations before you signed them, who’s the stupid one now?
@ucsdvc
@ucsdvc 4 сағат бұрын
In all states and cities I lived in, homes with HOA is almost always less desirable and cheaper than same types of properties without HOA. Pretty sure people factors in the reduced freedom and fees from HOA when they buy their home.
@ljz1988
@ljz1988 4 сағат бұрын
If I was sold a house by a realtor who didn't disclose a pre-existing lean on the home I'd have to inherit, I'm suing them for that dollar amount to get that settled
@mimosa9188
@mimosa9188 Сағат бұрын
Make HOA illegal!!!
@cstrouts
@cstrouts 4 сағат бұрын
I don't understand why anybody would want an HOA. Everything they do can be done by a regular local government, and then you could vote them out if they mismanage. My town fines people who don't maintain their property, and they also own a public golf course, so it's not like you have to have an HOA if you want community amenities like a pool.
@myphuongtran646
@myphuongtran646 2 сағат бұрын
After paying HOA $400/month for 6 years without amenities (just cover fence and outside house paint) with our first house, we never buy any house with HOA
@GalaxyTabFamily
@GalaxyTabFamily 2 сағат бұрын
There’s not enough housing but there are empty houses I see all over. 🤔💭 Make it make sense please.
@ryanmedows6072
@ryanmedows6072 Сағат бұрын
There's not enough houses selling at realistic prices.....
@WTF-sh4is
@WTF-sh4is 3 сағат бұрын
I complained to my California small town HOA for my neighborhood from 2012-2021 because of one simple fact: the park rubberized turf was ripped and in major disrepair. It was nice when I bough in 2012. Horrible by 2019. And we paid $250/mo in dues time over 100 houses. The finances showed they had Cap Reserves on the balance sheet! I sold in 2021. I recently went back through the neighborhood this year (2024) and the park still looks like sh*t with the rubberized floor torn up even worse. That’s what HOAs are good for! Paying themselves first and deferring maintenance till infinity!
@spellegren
@spellegren 6 сағат бұрын
Simple version: Costs = too high Income = too low Employers = too greedy Corporate landlords = need to be outlawed HOAs are a minor issue compared to all of the above.
@Mistro07
@Mistro07 5 сағат бұрын
“Income” is nothing more than a cost, it’s just a cost to the employer, raise their costs, and prices will follow
@juyhhkjitth9245
@juyhhkjitth9245 5 сағат бұрын
its the banks and finance. finance is burdening our economy in debt. banks are parasites, wanting as much of your available income to go towards a mortgage to pay interest. the bigger the loans the bigger the money for the bank. gov needs to step in. banking should be a public utility and we need a jubilee.
@aaronpoisson
@aaronpoisson 3 сағат бұрын
I agree with your other bullet points, but HOAs are a huge problem because they’re able to increase rates out of nowhere causing home owners to loose a house they could previously afford.
@Mike-xn9ho
@Mike-xn9ho 3 сағат бұрын
HOA devalues a property because many people won’t consider purchasing a home within an HOA. Also less people can qualify for loans when HOA fees are incorporated into the monthly payment. This reduces the pool of potential buyers. Homes without HOA are becoming more desirable and therefore more valuable.
@standinginthegap7118
@standinginthegap7118 2 сағат бұрын
A home is to be lived in and enjoyed. I would never buy in an HOA ever for any reason
@ddc2343d
@ddc2343d 7 сағат бұрын
I'm so glad i don't live in an HOA, basically give up all your rights and there isn't anything you can do about it.
@davidshi5539
@davidshi5539 7 сағат бұрын
@@ddc2343d someone watching you 24/7. Like jail.
@AlMarku-d3t
@AlMarku-d3t 6 сағат бұрын
When looking on Zillow or trulia if the property had an HOA hard PASS
@ibmtpx24
@ibmtpx24 5 сағат бұрын
That's house hunting 101. Either no HOA or no house.
@AlMarku-d3t
@AlMarku-d3t 4 сағат бұрын
@ facts. Anyone that’s ever had family deal with HOA’s know how much of a rip off it is. Unless you make so much money throwing $300 away doesn’t feel like much. But I’ll leave that to the college grads to consider as options
@easyrider3112
@easyrider3112 4 сағат бұрын
Being in a HOA is worse than being a slave. At least slaves don't have to pay for the "privilege".
@nousernamesarevalid
@nousernamesarevalid 7 сағат бұрын
States need to limit the ability of HOAs to restrict rights.
@Plutogalaxy
@Plutogalaxy Сағат бұрын
Every single person that buys a house in an HOA does it voluntarily and is aware of all the restrictions, and wait for it - that’s why they buy there.
@nousernamesarevalid
@nousernamesarevalid 44 минут бұрын
@ No. a lot of times people buy a home in an area where they have a job and nearly every home on the market is in an HOA. So not everyone has a choice.
@syndromealphalord
@syndromealphalord 6 сағат бұрын
"protecting property values", the value of a home is having a home! I don't give a f*ck about the value of my home, because I'll die before selling it. My only hope is that my kids never sell, and there grandkids never sell. If they do ever sell, I hope its for LESS than what i paid for, and goes to a family that needs it.
@axnyslie
@axnyslie 4 сағат бұрын
My condo assoc. is corrupt beyond belief. They keep charging huge fees and do nothing. I have a condo attached to mine that has been causing significant water damage into my home and the Assoc refuses to do anything about it claiming its not their problem. I am too poor and have no legal benefits to get legal help to sue them so I am screwed as my condo now cannot be sold.
@FA-pk5wx
@FA-pk5wx 5 сағат бұрын
stop foreign purchasing, corporations, and landlords from over buying. It's not hard
@juicycouturecollectionsam3473
@juicycouturecollectionsam3473 2 сағат бұрын
HOA's want to fine you to get the lein on your home. It's a property scam. It wasn't supposed to operate like that but they have been abused. It's another way for you to own nothing while continously paying them and they can raise rates at any time.
@Aaron-lx2og
@Aaron-lx2og 4 сағат бұрын
The homeowners in the HOA story maybe be able to hold their mortgage title insurance company liable for the outstanding HOA fees when they purchased the home.
@jamesdykes517
@jamesdykes517 2 сағат бұрын
One of the few homes not under the HOA in our neighborhood... They report us to the city for any infraction, even if every person in the HOA is doing. Case, trash cans left next to the garage door, whole neighborhood has theirs set up, and we're suspiciously the only house that got popped for it...
@highonsmog
@highonsmog 6 минут бұрын
6:30 The point is to go to HOA meetings and network with neighbors. It goes a long way when you chat up with ice breakers. Always talk, ask who is in the HOA. Interact or stay away from HOAs.
@jabbaweezy
@jabbaweezy 7 сағат бұрын
Joining an HOA seems like the most unamerican decision you could make.
@adityapatel9735
@adityapatel9735 7 сағат бұрын
exactly. why tf would anyone but the very US constitution tell me how to live my life without facing negative consequences.
@righteousone1
@righteousone1 7 сағат бұрын
Don't worry, the orange clown will fix this!! The clown has a solution for everything...
@righteousone1
@righteousone1 7 сағат бұрын
So is voting for an orange clown yet over 70M did lol.
@Gstunfisk
@Gstunfisk 3 сағат бұрын
​@@righteousone1still salty?
@Gstunfisk
@Gstunfisk 3 сағат бұрын
​@@righteousone1voting out party of racist and slave owners is American.
@movdqa
@movdqa 53 минут бұрын
It sounds like the person they bought from stiffed them on these fees. They're transferring a liability on the home so aren't they required to disclose that? We've lived in an HOA since the 1980s and have no problems with it and certainly nothing approaching the problems described here.
@sjskkjss5424
@sjskkjss5424 11 минут бұрын
Successfully released from my HOA recently after one and half years battle. At the end I have to agree to pay about 10k fee related to the dissociation (replatting the common area and legal changes to the deed, etc.) in order to finally get out. I didn’t use a lawyer, because one lawyer told me it’ll take three to five years to get out HOA through the court system, and at least 30-50k Omg so glad I didn’t fall for his BS. Now I do my own landscaping and will pay for snow removal for the section of the street right in front of my house. Freedom is sweet!
@davidshi5539
@davidshi5539 7 сағат бұрын
Never buy something with HOA. You donot need it.
@righteousone1
@righteousone1 7 сағат бұрын
I'll live in a cardboard box before I'll ever live in any Godforsaken HOA!
@l.h.tnguyen4916
@l.h.tnguyen4916 7 сағат бұрын
its hard to find a nice home in a neighborhood without an HOA. I live in North Dallas. They all have HOA
@davidshi5539
@davidshi5539 7 сағат бұрын
@ northeast USA mostly has no hoa. HOA is a communist act. Illegal.
@l.h.tnguyen4916
@l.h.tnguyen4916 7 сағат бұрын
@@righteousone1 Yeah right. Stop lying. You would find a non HOA house. I want a nice house. Like I said, everyone I looked at has an HOA. I've lived in 2 others with HOA and they were never a problem. I just didn't like paying the yearly fee for what I felt didn't really do much for me. It was like a scam you have to pay. They weren't that much but I guess I felt fleeced.
@ryanwalters6184
@ryanwalters6184 7 сағат бұрын
I will only live in the house with an HOA. I don't got time to mess with all the nonsense.
@WendyW7508
@WendyW7508 4 сағат бұрын
first couple needs to flip the script. Sue the HOA. Put them on the defense. I would be knocking on doors, introducing myself to the neighbors. Inquire nicely with them, if they have heard of others having issues. They just said, They werent talking to anyone. Heck no! I would never do an HOA. It's so important to get to know ur neighbors. Say hi, if u get in trouble, those folks can help you a lot. Gotta help back. But thats the good stuff in life. Double dip. Insurance issue. I am glad that guy said people gotta stop building and moving into these high risk areas. Ive always wondered how on earth can any agency be ok to just rebuild and rebuild and rebuild again houses knocked down by tornadoes, wildfires, and hurricanes? Come on! People gotta be real.
@joefunk76
@joefunk76 3 сағат бұрын
Nobody wants an HOA except those who profit off it. People buy HOA-impaired homes IN SPITE of the HOA, not because they WANT an HOA. In many areas of the country, most homes are HOA-impaired, hence, excluding those from buying consideration severely limits your potential inventory from its already scant levels. 😢
@Urufu-san
@Urufu-san 3 сағат бұрын
2000$ insurance at a 420k$ home value?? I thought I was paying a lot at 700$ for my 400k$ home… And 12000$ is just NUTS. Also: This couple is old, retired, and they still owe 360k$ on their home?? Are they paying off like 3000+$ a month, or how do they think they’ll ever pay this off? I‘m only 52, and I got a 100% financing, but I‘m a public servant with tenure, and I pay off 2200$ per month, which is about 1/3 of my income… so healthy numbers, and I‘m not too old, but these guys… so the next bubble in the makeup, it seems, if banks finance like that again…
@brunoflmg
@brunoflmg 4 сағат бұрын
A HOA Karen is the nightmare of every home owner Lol
@barrykinsey8709
@barrykinsey8709 Сағат бұрын
I’m at a loss, was this about why home owners are renters are struggling or was this about HOAs and homeowners insurance. Last I checked current homeowners are sitting on homes because of the low interest rates and new home buyers are struggling to find affordable housing. Given the equity in homes, those who are struggling have the option to take an equity loan thus foreclosure aren’t as high as it could be. But given the current state of things in the US , who knows 🤷
@djp1234
@djp1234 5 сағат бұрын
I would NEVER buy an HOA house. Sounds like a nightmare.
@rickywhisenhunt4582
@rickywhisenhunt4582 6 сағат бұрын
Cities force homebuilders to create an HOA so that the HOA can maintain areas the city would normally maintain. That started a long time ago and is now the standard.
@danibeasley8211
@danibeasley8211 5 сағат бұрын
This right here!!! A LOT of people don't realize why HOAs were primarily invented, so cities/counties could shirk responsibility onto the homeowners. All the other added "benefits" were added later, all of which could be taken care of by a neighborhood board, not a whole HOA who has control over your mortgage.
@AngryAzn
@AngryAzn 4 сағат бұрын
If I lived in an HOA community I would want the amount of money I am paying taken off my taxes since the city is having less responsibilities.
@Iamso4u
@Iamso4u 2 сағат бұрын
Until Florida passes more regulations around HOAs I would not buy a home in an HOA again.
@person35790
@person35790 4 сағат бұрын
I live in an area with no HOAs. I would also rather become 100% disabled before I would buy a house in one. If someone paints their house pink - so be it. HOAs are negative value IMO. We have a local landscaper, a local roofer, and other services at a discount because we talk to our neighbors and we all get a discount for booking together. No HOA required, and if someone does a bad job then we kick them out.
@spoonmansacamano5768
@spoonmansacamano5768 Сағат бұрын
Wow I thought HOAs meant you probably had a neighborhood pool and couldn’t park the boat in the driveway! Glad I didn’t buy my lot in an HOA
@who2u333
@who2u333 3 сағат бұрын
Matt did it right. His HOA was not responsive, so he got involved.
@stevemurray2737
@stevemurray2737 25 минут бұрын
Title Insurance should have caught that HOA Bill.
@james-wx6jh
@james-wx6jh 4 сағат бұрын
If the hoa charges 500 follars a month, how are you profitable from house value increases when the hoa sucks any profit while you live there unless your house consistently gains 6k+ yearly
@hyrenaj2888
@hyrenaj2888 43 минут бұрын
"Challenges facing homeowners and renters"... so every one who's not living in the streets?
@juyhhkjitth9245
@juyhhkjitth9245 5 сағат бұрын
Insurance should just be a state run. simple as that. not for profit
@rickson50
@rickson50 4 сағат бұрын
I agree on making quite a few things publicly run but insueance DEFINITELY not one of them. So frought with problems. Maybe the biggest is people being more empowered to build what shouldnt be built such as houses on flood planes
@juyhhkjitth9245
@juyhhkjitth9245 3 сағат бұрын
@@rickson50 an entire new system. nothing like state insurance now. a gov run insurance wouldnt mean you could build something that should be uninsurable. but situations like the video shows are different.
@summaryjudgment
@summaryjudgment 4 сағат бұрын
What State is this? If you provide at least half of the financial support for a dependent (like your child), you're likely ungarnishable. Its a simple 1 page form you fill out and file for garnishment exemption.
@thomasridley8675
@thomasridley8675 3 сағат бұрын
Your typical HOA is a criminal organization fully authorized by the state that you volunteer to be a victim of. People don't realise how much increasing home values are actually really bad for the housing market and insurance availability. We keep building in areas where they know the risks are much higher. But the home prices don't reflect the higher risks. And they are artificially controlling the availability of housing to keep prices artificially high.
@bysshe51
@bysshe51 3 сағат бұрын
Never ever buy a home with an HOA. EVER.
@jihanjude6634
@jihanjude6634 6 сағат бұрын
HOAs like this are un-American and should be investigated for negligence and mismanagement of funds.
@tikibaby888
@tikibaby888 4 сағат бұрын
Please it needs to be restriction on rent especially while there's a housing crisis simple
@shamandalei9452
@shamandalei9452 31 минут бұрын
At this point in time if you get an HOA that’s all on YOU
@mrchefcheck
@mrchefcheck Сағат бұрын
I would never live in a HOA. Give power to power hungry folk and you see their true colors real quick. Sure, you do have good well meaning HOA's out there but I'll never take the risk.
@suemurphy1730
@suemurphy1730 4 сағат бұрын
So happy to live in a rural community, where just the moose, bobcats, raccoons etc care about our yard.
@bernaclischurchill4463
@bernaclischurchill4463 2 сағат бұрын
First, why did her and her husband buy a home, and they are retired. Of course, the ins. increase is going to be too much, they are on a limited income. Also, she thinks its too much now, what will she do, if something happens to her husband, who historically has the largest SS check per month. If she can't maintain the payments now, with both incomes, albeit limited, she will not be able to maintain it he is not around. Also, in CA, she would not be able to find an apt to rent as well, if they have to sell their home.
@benjaminescolero6645
@benjaminescolero6645 5 сағат бұрын
Homeowners and Renters ? so everyone.
@Netizen_101
@Netizen_101 3 минут бұрын
Would you rather - have a hoarding neighbor that likes to pile garbage/junk “collectibles” on their front lawn bringing down the neighborhood appeal and value, or, an HOA that costs less than $100 a month?
@TomCook1993
@TomCook1993 15 минут бұрын
“80,000 well located apartments” 😂😂😂 I think he’ll be ok
@mimosa9188
@mimosa9188 Сағат бұрын
you never own your house or land as long as you still needs to pay tax
@mediamadness969
@mediamadness969 6 сағат бұрын
I am an electrician for the County in San Jose, California. My wife is a school teacher. A house in the least desirable part of San Jose cost 1 million dollars. Even if we had 20 percent to put as a down payment it is completely unattainable for us. We just don’t earn enough income. It’s highly discouraging not to be able to afford a home in the town you were born and raised in.
@myphuongtran646
@myphuongtran646 Сағат бұрын
I’m with you. We made $200k/year in 2018 in San Jose and could only afford 2 bedroom townhouse. Sold it $525k and bought a 5 bedrooms with a pool in Rancho Cucamonga (SoCal) with $615k. Best decision ever
@randyreadstheholyquran2342
@randyreadstheholyquran2342 11 минут бұрын
HOA should be outlawed.
@TheChanDave
@TheChanDave Сағат бұрын
Crazy! How we’re just more acknowledging this. Considering Americans have been complaining about so much of this. Figures. DRAIN THE SWAMP!!!!!!!
@dawnslight98
@dawnslight98 3 сағат бұрын
*Some* negative experiences? Haven't something like 85% of HOA members had a negative experience with their HOA?
@_Mach3
@_Mach3 2 сағат бұрын
One person or company owning 80 thousand apartments 😂 what a joke
@giovanahc
@giovanahc 43 минут бұрын
It's the police of housing. I don't like HOA communities.
6 сағат бұрын
What good is high property value if you also have to pay high monthly fees.
@Jarod3926
@Jarod3926 6 сағат бұрын
I’m just trying to figure out why high value is good period. This isn’t an investment, it’s a residence. I want to pay LESS in taxes on my property value not more.
@Pro-kesh
@Pro-kesh 6 сағат бұрын
@@Jarod3926high property taxes are one of the best uses of taxes imo, it directly contributes to better roads, schools, and safety in your town
5 сағат бұрын
@Jarod3926 exactly! Value of the house goes up, so does the property tax.
@highonsmog
@highonsmog 17 минут бұрын
You need a home. City puts a requirement that they cover all road and repair expenses inside the tract. So, an HOA is formed to build the homes. Now, you are stuck with a board of crackpots who don't get that the sole purpose of their existence is only to reduce their burden on city budgets.
@nlibby5549
@nlibby5549 7 сағат бұрын
HOAs can foreclose on a house for silly things like multiple grass weed violations or having a 3rd older car parked on the street level. Or they can force you to keep your garage doors open to make sure no one uses it as extra living space. I will never buy in a HOA.
@RiVer-Parish
@RiVer-Parish 2 сағат бұрын
It is a struggle😢 I see it as legalized robbery.
@jaqueitch
@jaqueitch 13 минут бұрын
Your best bet for anything in life is to be self-sufficient. If you sign up for an HOA, you give up your right to certain aspects of home ownership. No sympathy from me.
@hariiravii1
@hariiravii1 4 сағат бұрын
HOA run top of our government body and more powerful and protected. Cities did not have any control. Cities should be more powerful and have responsibilities instead of HOA. To remove HOA most of them needs 2/3 strength which make majority word useless. I did not understand why US need HOA. we should start a service company whom ever want any kind of service they can take a membership from that company to provide service.
@harvardfootball
@harvardfootball 4 сағат бұрын
Answer is Private Equity lol
@reyesarg
@reyesarg 6 сағат бұрын
Have a watch at Last Week Tonight with John Oliver about HOAs. It's very disturbing.
@barryv246
@barryv246 6 сағат бұрын
HOA finances should be audited annually. The final audit should be available all owners.
@mirian4931
@mirian4931 7 сағат бұрын
It seams like all new homes/ communities in AZ are in HOA communities. It feels like you have to buy your own land and build new to avoid HOAs or buy an old house. In my town, only HOA communities have sidewalks!
@nicolem889
@nicolem889 Сағат бұрын
Home owners are struggling because of fighting for stupid issues like abortion and immigration. They don’t realize that they need to fight for property and higher wages.
@mikerock8177
@mikerock8177 4 сағат бұрын
Say no to HOA people we need our freedoms back
@MarkusHarooo
@MarkusHarooo 7 сағат бұрын
HOA seems like a scam.
@dixiebrick
@dixiebrick 4 сағат бұрын
I love my blight!
@mimosa9188
@mimosa9188 Сағат бұрын
I will not buy a place that has HOA!
@desiv1170
@desiv1170 5 сағат бұрын
"There are HOAs who do lawn maintenance, so is that a costs savings? Sure!" Well, it would be a cost savings, IF they weren't paying for it. But they are paying for it, thru their HOA fees. And I am betting they are paying more thru their HOA that they could if they were allowed to go direct. So, is that a costs savings? Probably not...
@bradleygraves5915
@bradleygraves5915 7 сағат бұрын
Now get your lawyer and counter sue for breach of contract. Get all your money back, and then some. Next step - run for President of HOA and stop the madness.
@RzmmDX
@RzmmDX Сағат бұрын
$200 per year? Cute. Try double that per month and come back to me.
@Iconoclasher
@Iconoclasher 6 сағат бұрын
A simple rule to follow: NEVER put your home and assets in the hands of someone that can profit at your expense or misfortune. Econ 101. 😄
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