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submitted 7 months ago by Confidant6198@lemmy.ml to c/asklemmy@lemmy.ml

Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

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[-] basic_spud@kbin.social 4 points 7 months ago

This is getting more and more difficult, sadly. Almost all new housing development is done by corporate / bulk build, which are almost always governed by HOAs

[-] Neato@kbin.social 4 points 7 months ago

Yep. Something like 88% of new builds in the US are built from the start with HOAs.

[-] bluGill@kbin.social 1 points 7 months ago

Once you live there though you can vote to disband the hoa. Read the bylaws carefully and consult with a lawyer to see what local and state laws are (remember too you can change those laws and make hoa provisions you don't like invalid).

I only once lived under a hoa. I agreed because I had it in writing I could keep up to five cows on my property. (Not that o did, but it was allowed)

this post was submitted on 04 Dec 2023
144 points (97.4% liked)

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