It is a matter of market distortion that forces huge amounts of land into a very destructive control architecture. It places a large fraction of the housing stock in imminent risk. It impoverishes an entire industry. It enriches the wealthiest segment of the society at the expense of everyone else.
Other than that, no big deal
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I’m not sure how that relates to the subject of this thread. This case involves an HOA in which I would presume all of the owners entered into contracts that governed the property.