My home values didn't crash nearly as much as places where HOA Nazi's and code enforcement Stasi run rampant.
“My home values didn’t crash nearly as much as places where HOA Nazi’s and code enforcement Stasi run rampant.”
In FL many of the HOAs grossly impact the value of properties. Lol, there are many former upscale, gated communities that are at the core of the foreclosure blight. I get a perverse chuckle seeing all the foreclosures listed in these formerly 400K 1/2 acre, caged ‘estate’ HOAs.
Non-HOA properties command a significant premium in central FL. I got a deal on mine. 3.5 acres and a defunct HOA but one had to dig into the details to see the HOA was DOA. I easily paid 35% less than comparable non-HOA properties.
I rather live under an interstate overpass than in a “gated community” with a hoa.