Comment by bryanlarsen
7 hours ago
Buying a house is often a multi-decade commitment. A specific HOA might not be bad today, but what about 10 years from now?
7 hours ago
Buying a house is often a multi-decade commitment. A specific HOA might not be bad today, but what about 10 years from now?
That is a risk you freely accept when choosing to buy in an HOA. Co-ops, which are related but distinct, solve for this risk by requiring the co-op board to vote to approve any new residents. You have a co-op as an option for your living arrangements, as well. Optionality is a good thing.
As freely as you accept the terms of employment when you decide you need money to buy the food you eat.