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The Community Associations Institute trade association estimated that in 2010, HOAs governed 24.8 million American homes and 62 million residents. [7] Throughout the rest of the world, HOAs—though they do exist in some neighborhoods—are uncommon.
The number of HOA governed homes is increasing in the U.S., and it is only a matter of time before you, or someone you know, considers moving into one.
HOAs can serve as facilitators of neighborly interaction and camaraderie. Through social events, community newsletters, and shared amenities, HOAs encourage residents to engage with one another ...
Being in an HOA typically involves adhering to community rules and regulations, and paying regular dues to help maintain a neighborhood's appearance and potentially increase property values.
Many of the 160,000 condominium buildings in the United States do not have sufficient funds to carry out major repairs. [ 18 ] Poor-quality housing in the United States is associated with increases in chronic illnesses such as asthma and eczema, as well as the negative effects from the persistence of environmental lead (e.g., from lead paint ...
Some critiques of how HOAs operate exist and offer greater scrutiny along the lines of this particular criticism (and many persuasive arguments for readers' consideration, i.e., such as the following citation focusing on the problem of volunteer board members ruling on upholding fines assessed by a for profit management company against other ...
This means homeowners associations, commonly referred to as HOAs, set rules and regulations for roughly 32% of the population, with stricter guidelines than other tenancies.
Petty tyrants can make a homeowner miserable, but associations help keep neighbors responsible and property values high. [Opinion]