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Apr 07, 2006 -- How to reign in homeowners associations
Condo and homeowner associations sometimes go out of control with rules and regulations. Some states are fighting fire with fire. Clark tells you all about it. Remember to click on the link just once and disable your pop-up blocker to hear.
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What others are saying
HOA Abuse
Sarah,
We have a tendency to overlook the inherent corruptibility of human nature. We would like to think that all people are good, but people are people. Most people are good, and some will always prey on the others. In any case, power brings out the greed in people.
In the past, we have had people in responsible positions to steal big-time money from the community? What happened? The community elite cleaned up the mess in secret by giving the thief his exit papers, along with a no-disclosure statement attached to very large check? That is how it is done in the real corporate world, and in wealthy gated communities; as they say, it costs less money and there is NO bad publicity (and therefore, the lowering of property values).
The real (and sad) problem is that, in these communities, this approach causes the cycle to repeat itself, over and over again; there is just too much money available for the taking and too little accountability.
Homeowner Association Abuse
We live in a large California (Senior)association, where there is probable big-time embezzlement, abuse of power, etc. Owners are more than angry!!!
Big Canoe Community
Surely you have not bought property in the Big Canoe gated community.
Have you read of the problems posted at http://thesixpromises.blogspot.com/
