Odd. So why do I see so many ads boasting in large letters, “No HOA!!!”
“For new construction, buyers put a premium on sensible HOA restrictions, as the market demonstrates time and again.”
Nope. The studies I’ve seen indicate homes in an HOA sell for the same price as homes without, when controlled for region, age and style. At least here in Arizona, I’ve NEVER seen an ad boasting about having an HOA.
“Because some people prefer it that way.”
Lol. Are you stuck in 2006 like many realtors? Perhaps you are a realtor? In Pinellas County (W-central FL) foreclosures are clustered in 2 groups, the sub-60k <1200 SF ghettos and the nice, underwater, HOA ghettos. Nice houses outside HOAs are snapped up within days at large premiums above similar HOA houses.
HOAs don’t work in a bad economy. How good is that HOA at preventing foreclosures? Homeowners outside HOAs aren’t expected to pay for their foreclosed neighbor’s lawn and pool maintenance.
The counties already have quality neighborhood ordinances so HOAs are a red flag for property control and re-distribution schemes.