But that waters down the argument to the point of meaningless. For instance, did the egg shortage make the housing crisis worse, because every potential homebuyer has less money to buy a house?
I mean, if someone legally forced the homeowner to pay sell the house to them because there was a clause that required the owner to pay tens of thousands of dollars for expensive eggs and then sold the house again after and hoped to recoup the costs, then sure
Why would you assume that? There’s no prohibition on selling a home with code deficiencies as long as you disclose them.
Not only that, buying these types of HOA foreclosures can also come with other liens that are not disclosed at auction.
Right, but such things tend to knock down the sale price by approximately the amount to cure.
Maybe the buyer after the price is inflated by the extra cost that was unnecessarily incurred by the HOA
But that waters down the argument to the point of meaningless. For instance, did the egg shortage make the housing crisis worse, because every potential homebuyer has less money to buy a house?
I mean, if someone legally forced the homeowner to pay sell the house to them because there was a clause that required the owner to pay tens of thousands of dollars for expensive eggs and then sold the house again after and hoped to recoup the costs, then sure