[Mr Rogers]

“Sure they do! It’s because the buyers pay more for HOA residences, because they prefer them to alternatives.”

Odd. So why do I see so many ads boasting in large letters, “No HOA!!!” How come I never see one that says, “Our HOA kicks homeowner butts!”, or, “In OUR HOA, you can’t sneeze without the HOA’s approval!”

If HOAs sold, they’d...well, sell. And in some places, with high density housing and common areas, they probably make sense. In a place where the lots are 1-2 acres or more, they don’t make much sense.

[Atlas Sneezed]

Odd. So why do I see so many ads boasting in large letters, “No HOA!!!”

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Because some people prefer it that way. For new construction, buyers put a premium on sensible HOA restrictions, as the market demonstrates time and again.