'Forced out': HOA fees to rise to $2,500 a month

xvxvx

What the hell is the story behind this? $2500 a month for the HOA when it used to be $150? This won’t end well for the board or the developer. You mess with someone’s home then you get a nice in-person visit.

bayarearefugee

You will own nothing, ever, you'll just pay increasingly absurd rent to different people.

ChuckMcM

You should work with neighbors to control the HOA board. That means running candidates and getting them elected. Depending on how corrupt the builder is this can be hard to do and may take legal action (suing to enforce the HOA governing rules). But on its face it seems suicidal to cause the home owners to go bankrupt and leave your properties. Unless of course you'd like to tear down the development and build a big fat datacenter on it (the only building that is going on these days) which would net a profit. As grifts go it would kind of amazingly evil you get as much money as you can out of making your homeowners broke followed by selling the land out of foreclosure to build a data center on it and making a profit on that too.

tantalor

> The homeowners say the developer, who owns the majority of the houses, controls the HOA. It's a 51% attack in real life.

neya

Honestly, if you bought a house that was part of a HOA, it's on you. Like, what did you think was going to happen?

saussianglat

cant you leave the association? don't be associated no more

kragen

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Liuser

The board is shooting themselves in the foot here. You raise fees enough then no one will be able to afford living there. If no one is able to afford it, then the board is exacerbating the problem they’re attempting to solve in the first place with the fee increase, which is legal collection fees from delinquent owners.

thraway3837

For those saying dissolve the HOA or don't buy in an HOA. FTA: The developer, who owns the majority of the houses controls the HOA. It is not easy to buy a house in the US that is not controlled by an HOA. A lot of houses are in an HOA and you really have to go out of your way to avoid it. If you're looking in a suburb, exurb, it's 100% going to be an HOA. It's by design: HOAs are tightly connected to racial segregation, racially restrictive housing, and redlining. Read up on those and it will make you sick to your stomach. Controlling what homeowners can do to the exterior of their houses has been the main theme of many HOAs. Combined with this, racist policies and architectural uniformity were historically intertwined. They were both done for the same reason: protecting property values. Are you angry yet? Some HOAs do OK and are kind of like a collective: They form their own street cleaning, street light installation and electricity bills, snow plow, garbage pickup, lawn mowing all for a deeply discounted monthly fee of sometimes just a few $10s a month.

sublinear

Leave the city and don't buy into an HOA. It's not that hard in the USA. If you don't like driving or have some pseudomoral dilemma over that, I don't know what to tell you. It's hardly a downside.

thinkski

Something doesn't add up here. https://www.terravistarealty.com/search/NC/Sherrills-Ford/45... The homes in this neighborhood are fairly average single-family homes, ~$400k, roughly the median home price in the US now. There's no shared roof or walls that would be the HOAs responsibility. There's no community pool. Does not appear to be gated. Only expense as far as I can tell is the periodically repaving street, salting, perhaps some gardening -- $2500/mo, even $1250/mo is not supported by those expenses. Who is the developer? What is their financial situation? Did they take on debt to finance development when rates were near 0% when this development was built ~2020, now that debt has come due but rates are > 5%, and they cannot pay, so they figure they can up the HOA to drop the property prices, evict the homeowners, then drop the HOA again and resell the houses for a profit to shore up their balance sheet?