To: Lorianne
” Don’t buy or live in a HOA neighborhood.
If enough people don’t do this, developers will not create them because they will not sell houses.”
Perhaps they build them because people want them?
To: TexasGator
It may vary from place to place, but in the last few years I'm getting an indication that condos and HOAs are losing their appeal in the NYC metro area. There are a lot of towns around me with condo developments under review by their planning and zoning boards, and in the last 18-24 months almost every one of the developers is now coming back to the board to change the approval from a condominium to a rental complex.
These developers are finding that they can't get the financing for the projects if they are built as condominiums.
38 posted on
02/15/2015 9:54:32 AM PST by
Alberta's Child
("It doesn't work for me. I gotta have more cowbell!")
To: TexasGator
Perhaps they build them because people want them?
*********************
They build them to maintain control while they build out the subdivision ,, typically when the developer gets down to 51% of voting ownership they introduce a change to the subd. plans ,, cancel a park or two that buyers were counting on ,, cancel a community pool... That sort of fraudulent behavior.
120 posted on
02/15/2015 11:46:21 AM PST by
Neidermeyer
("Our courts should not be collection agencies for crooks." — John Waihee, Governor of Hawaii, 1986-)
To: TexasGator
They build them because the developers want them. The buyers have little choice.
125 posted on
02/15/2015 12:03:16 PM PST by
driftdiver
(I could eat it raw, but why do that when I have a fire.)
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