That’s why I said “Study carefully...”
Ignorance may be the REASON but it is not a good excuse.
It is a curious phenomenon to me that so many people will spend more time researching the contents of a breakfast cereals they are going to buy than they do the limits and restrictions on the property and mortgage of a half-million dollar house they are about to purchase.
The last time I re-financed my mortgage (dropped the APR by 2%) I drove the lender CRAZY with my demands that certain clauses and statements be eliminated or revised in the final documents. Their FIRST response to such request is “that’s the way it HAS to be done because we always do it that way”. After a little brow-beating (and threats of backing out of the deal) they will finally admit that you CAN customize even the most “standard” mortgage agreements.
Caveat Emptor, I always say. If you won’t take care of yourself, why should you expect anyone else to do it for you, right?
HOA’s may be a pain in the A$$ but it is not the crux of the problem. One can’t pick their own nose without being on a govt. camera somewhere. Even traffic is enforced by camera! Face it, an authority is present everywhere and we are either content to live this way or we’re not!