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

  • basic_spud@kbin.social
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    11 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
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      11 months ago

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

      • bluGill@kbin.social
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        11 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)