THE BEST KIND OF HOA...IS NO HOA!!!

@greenhuue4399

2 жыл бұрын

.☝️☝️☝️

@christinebutler7630

2 жыл бұрын

Amen!!

@Jmsadv

2 жыл бұрын

I grew up in a No HOA neighborhood. It had pink and purple houses, my neighbor had a pontoon boat parked in his driveway, most streets had cars parked on both sides of street.

@yodaflyz

2 жыл бұрын

@@Jmsadv sounds amazing! I really need to get a 🦩 for the lawn. XD

@aaronsatko3642

2 жыл бұрын

If you want the place you live to look like garbage, sure.

One dollar given to an HOA is one dollar too many. I've heard rumors of HOAs that are well managed and don't rip off their residents. I have yet to actually see it.

@monicarenee7949

2 жыл бұрын

I’ve been seeing very low HOAs like 200/year, and even then I skip that house

@braceyourselvesfortruth2492

2 жыл бұрын

If you avoid HOA's, I definitely would be surprised if you somehow found one you liked.

@kbanghart

Жыл бұрын

Then you haven't seen my HOA. Very good only $100 a month

@user-hd4jc1ct8q

4 ай бұрын

Fees are necessary to maintain a property, buy insurance, maintain the landscaping and pool/spa, etc.

@GMUTaylor6

4 ай бұрын

My last two were pretty solid

No HOA!!!! Who on earth wants to be told what to do with their own property?

I once looked into buying a condo in Hawaii. The HOA fee was higher than the mortgage 😂

@gilmendoza8092

2 жыл бұрын

That’s really common in golf communities

@Islandasian_

2 жыл бұрын

Yep that’s very typical here in Oahu.

@joesillamanrs7189

2 жыл бұрын

You need HoAs in hawaii because the pride of ownership is so low. Without an HoA people won’t take care of their home or landscaping.

@Fiery154

2 жыл бұрын

How much was it? Around DC you get $550-$800.

@orly51191

2 жыл бұрын

@@Fiery154 my HOA in Houston is very low, $280 per year😅

$0.1 is too much for HOA.

Don't buy a home in an HOA. We will never do it again.

@blackworldtraveler3711

2 жыл бұрын

I think most people know what they are buying. Apparently you did not. How about know what you are buying before you buy it?

@greenhuue4399

2 жыл бұрын

☝️☝️Get enlightened more on our INV platform don’t miss out this grate opportunity.

@alp.9672

2 жыл бұрын

@@blackworldtraveler3711 HOA fees are literally the norm unfortunately for many areas.

@edb484

2 жыл бұрын

@@blackworldtraveler3711 It’s more of the crazy fools who run the HOA lol. Never bought in an HOA and never will. Not worth the drama

@blackworldtraveler3711

2 жыл бұрын

@@alp.9672 I'm talking about condos. I own four. Primary,island beach condo,and two rentals. Don't know anything about house/subdivision HOAs.

HOA fees and property taxes: Two things that say, YOU DON'T OWN YOUR OWN PROPERTY.

@blackworldtraveler3711

2 жыл бұрын

There's property in western Oklahoma that has no HOA and less than $60 a year property taxes but you have to deal with dirt roads and that's about it.

@vickieclark5931

2 жыл бұрын

@@blackworldtraveler3711 Most places that don't have an HOA deal with dirt roads. It's hard to find property in the city or even close to the city that is not HOA.

@edb484

2 жыл бұрын

@@vickieclark5931 Not here in Texas, I’m in Dallas and big most cities like Houston and Austin aren’t HOA heavy. No dirt roads and around and can just call City Code Compliance if someone is really acting a fool

@savageguysi8456

2 жыл бұрын

@@edb484 that’s a lie, all the cookie cutter subdivisions are hoa down here

@blackworldtraveler3711

2 жыл бұрын

@@vickieclark5931 I said dirt roads in relation to little to no property taxes. The broke guy based property taxes on not owning your property. He needs to move to places with wild chickens and dirt roads.

Are you kidding? No way am I paying anything to an HOA! No one needs to tell me what I can do and have on my property.

@pitbull7885

2 жыл бұрын

Please remove your car on the corner or we will tow it! LOL

@blackworldtraveler3711

Жыл бұрын

Must be an HOA for houses. With my condo what we pay goes to maintenance,security,heated pools,marina/boat docks,landscaping,insurance,taxes,salaries,etc..and anything else we want in a condo community atmosphere. With a condo the rules and bylaws are agreed and voted upon and in writing. It’s more about what we “don’t” want to have on our secured gated property like cars on cinder blocks,crime,undesirables,and whatnot.

I lived in a townhome for a couple of years that had a resident-run HOA who apparently had no lives of their own. We were at the edge of a reservoir and these snoops would walk along the back fences, peeking over into each postage-stamp-sized back yard to see what we had or were doing. I had two Siberian Huskies who howled at them, and they tried to complain that I had "dangerous breeds of dogs." Needless to say, selling and moving out to the ruburbs where there were no HOA busybodies was a relief.

@blackworldtraveler3711

2 жыл бұрын

You're suppose to know what you are buying.

@amytaylor5458

2 жыл бұрын

Hello there👋,how are you doing today?hope you had a wonderful day? ❤️

@SherryEllesson

2 жыл бұрын

@@blackworldtraveler3711 We did, but they were an intrusive nuisance just the same.

@LG123ABC

2 жыл бұрын

@@blackworldtraveler3711 You're supposed to not be an idiot, but look at you!

@blackworldtraveler3711

2 жыл бұрын

@@LG123ABC You’re supposed to know what you are buying as well. Not my fault.

NEVER, I REPEAT NEVER buy a place with an HOA.

What's a group of birds called? A flock. What's a group of fish called? A school. What's a group of Karens called? A HOA. When I bought my house, a HOA was a flatly non-negotiable dealbreaker.

@JudePi-jx7yo

2 ай бұрын

totally stealing this

% of renter occupied vs owner occupied can create nightmares. The HOA fees will go up and never go down.

“ They are run like a junior high student body”. Absolutely nothing more accurate!!!!

"Get out of my yard Harry!" 😂😂

I pay $78 for my HOA and that includes all lawn maintenance, snow removal and garbage. That’s definitely worth it to me. But a lot of HOA’s around me are more like $200 and that’s definitely too much.

@MrsThollo

2 жыл бұрын

Wow. Definitely depends on where you live, what you're getting, and how they're spending the money. One of my worst fears are special assessments.

@antoniobridgeforth2362

2 жыл бұрын

Where are you from?

@Fiery154

2 жыл бұрын

My HOA is $378 a month, and it is about the lowest in the area.

@MyLifeThai371

2 жыл бұрын

My neigbors daugher pays $400/month in HOA fee's. No one will buy her condo with the HOA fee's being so high.

@ZacharyBuhler

2 жыл бұрын

@@antoniobridgeforth2362 Utah

This is a great one thank you! I needed to know this.

Please America, let's OUTLAW HOAS!! Unconstitutional!!!

Appreciated the question and Dave’s answer

Lived in a Tower style condo. Huge special assessments for the elevator, repeatedly. Later the building started to sink. Glad we didn’t buy!

@user-td7xf3gz4l

2 жыл бұрын

How much?

@Boxhead42

2 жыл бұрын

Millennial Towers, SF!?

@Fiery154

2 жыл бұрын

@@Boxhead42 not “millennial” More like “the greatest generation” tower. The average age was prob 70. Both my neighbors died in the same year bc they were LiTeRaLLy 100 years old.

I would learn how to research HOA's myself- Our real estate agent told us a lake amenity was part of our HOA, but we learned after the fact that our home was not inside the geographic boundaries to join the club.

@blackworldtraveler3711

Жыл бұрын

You’re supposed to research things. My realtor told me a guy in Florida had a large boat and just assume the canal behind his property was a waterway to the ocean and it was just a dead end. Didn’t even ask the realtor about it. Didn’t check a map or anything. Went through all of that trouble buying the property for nothing and had to sell it after he bought it. These are the type of people that do zero due diligence and get angry and everyone else fault when they buy property with an HOA.

Buy a house with no HOA. Then, you are free to make changes as you see fit. Condos are mandatory so you don’t have a chance. Usually it is a hundred or two a month.

@blackworldtraveler3711

2 жыл бұрын

Where I live condo HOA fees are as low as $60/mo. and can go as high as you want. Your choice.

@newagain9964

2 жыл бұрын

Depends where u live. not uncommon to have HOA well about $500 in CA. I’ll never do another HOA again. Even if means living rural. I don’t need more govt

@theforeignerinamerica1817

2 жыл бұрын

@@newagain9964 yes don’t do it!

@cutflow2

2 жыл бұрын

But it seems like hoa is best when such property becomes a rental

@cutflow2

2 жыл бұрын

But it seems like hoa is best when such property becomes a rental

There was a town house community I saw around me with no yards or driveways that were asking $1000 a month in HOA. A mortgage on the entire property would only be about $2200 a month. What is the money possibly going to? lol

@steele952

2 жыл бұрын

Sounds like Chicago lol

@JS-sv4ol

2 жыл бұрын

Paying salaries to the HOA board Typically people think they deserve more than they’ve earned when their little fiefdom is under the thumb

@Sophie3647s

2 жыл бұрын

@@steele952 sounds like NY too

@theabride7776

2 жыл бұрын

No one likes to acknowledge it but HOA fees are also a way to discriminate that isn't transparent.

@yoshit9819

2 жыл бұрын

Some HOAs are designed to keep out the "undesirables".

I live in an hoa which was orginaly run by retirees. They made me paint a falling fence. Then a hoa management company took over and no crazy things happen anymore. Way better if it is a HOA management company.

@hopefletcher7420

2 жыл бұрын

You make me smile. Originally our 40 unit HOA was completely managed by the Board. Then we hired a management company and suddenly everything was running smoothly. I would not recommend buying into an HOA that doesn't have a management company. There are so many rules and regulations regarding HOAs these days that you need outside help.

@zruthl

2 жыл бұрын

@@genxx2724 it was a wood fence which i later replaced with a block wall. We have too much wind here. For a little while i had no fence between my neighbors house and mine. Luckily he was freindly.

@JellyBeanInTheNight

5 ай бұрын

We had the opposite experience. Everything was fine until a management company came in and immediately raised fees and cut back on services. It got worse and worse each year until we finally moved out.

@kerrydaniels8460

Ай бұрын

No tf it ain't. HOA management companies often just get forced to just run whatever BS the board wants them to while making it harder to rach the bard directly with disputes and lawsuits etc. The best HOA is no HOA in the first place. Imagine no fees to begin with and being able go management the shit you pay for yourself. Maybe not you, but I own my own shit and ain't paying anyone, but my state and federal government to run my shit period.

I live in a nice gated community in Phoenix where 1BR condos are about 300K our HOA is professionally managed and is only $185 per month. Every few years we might get special assessment of something like $500 if the roofs need replaced or the pool needs resurfacing and furniture. Not bad at all. I go to all of the meeting to listen to the budget to see where every dime is going.

@blackworldtraveler3711

Жыл бұрын

I’ve had one $450 assessment in 20 years. It was voted over 95% approval. It was worth it and increased energy efficiency by 50% and increased value of property. Even the owners that voted against it finally realized it was the right thing to do. What’s funny is one owner sold his home and left because of it and missed out on 80% increase in property value.

@EricDaMAJ

Жыл бұрын

The saying "Vigilance is the price of freedom" definitely applies to HOAs.

I own a condo. Our HOA is professionally managed, very reasonable people to work with, loose rules. People do whatever they want with their yard basically. My wife and I really lucked out.

@donnafontaine2799

2 жыл бұрын

Sounds like you bought a well managed place I believe they can be a good choice to buy and you did your homework ⭐

@blackworldtraveler3711

Жыл бұрын

Both of my are professionally managed as well with strict rules we agreed to at purchase. I can understand the crazy things people try to do with house subdivisions that have HOAs but don’t understand what loose rules you need with a condo unless you’re trying to do something like put one of those big metal sheds,place a wind turbine in your patio or hang your laundry on you balcony rails to dry which is pretty much a standard no-no for condos. Never heard of condos with yards unless it the old condos from decades ago. It’s patios and balconies now. I do have a rock garden and grow tomatoes on raised beds in my patio area here in Oklahoma. Bought condo for $70k in 1994 and now $340k. Italian multiple floor plan homes with gates and security. There’s a waiting list to live here. With my condo in Florida it has strict rules. It would make sense to have a rules for things like not parking a 50ft boat in a 40ft slip as a rule(we have a marina with our own boat slip),not use glassware around pool areas,and picking up after your dog,etc.. I have 450 sqft balcony that overlooks the marina,waterway,and Gulf with push button hurricane shutters that surround the entire balcony with patio furniture. Can remodel and paint both condo interiors anyway you want without moving support beams/wall so don’t see issue there. Bought condo for $240k in 2008 and now $800k. Also gated with security. There’s a waiting list to live here as well.

Anything more than 0$ is too much for HOA fees.

@ranger2316

2 жыл бұрын

Then why would you live in a deed restricted community?

@stevenporter863

2 жыл бұрын

They need to charge something. Who you think pays to maintain the grounds, etc? When you buy a condo you only paid for your four walls.

@diannamc367

2 жыл бұрын

Exactly Why would you buy a home where you have to pay extra money for someone to tell you what to do?

@vickieclark5931

2 жыл бұрын

@@diannamc367 Unless you can afford your own land, it's hard to find places that don't have an HOA. You'd have to find a home that is 40 years old or more which is not in a neighborhood that has turned into an HOA. All the homes that being built are part of an HOA nowadays.

@diannamc367

2 жыл бұрын

@@vickieclark5931 where do you live? I had never even heard of an HOA until I was 30 years old and that was from my ex-inlaws who felt like they needed a brand new home when they moved to Tucson, AZ. They told her what color her curtains could be INSIDE her house! I'm in southern Michigan and not one of my family or friends has ever lived anywhere with an HOA. The entire concept is just crazy!

I would never buy with a HOA. Its not worth paying or having someone tell you what to do on your own property.

Mortgage is 775 hoa is 325. Very huge reserves which makes me feel happy because we avoid assesments, there was like a huge roof redoing and it came out to like an extra 50 bucks one month instead of thousands

My neighbor is my hero. The HOA n*zis came to complain about his brand new Very Green roof. They said that it wasn’t an approved color. He said that there were no approved colors and there was no place on the form to put in a roof color. He slipped passed their rules and kept his green roof, but the next edition of the form had a slot for roof color.

@blackworldtraveler3711

2 жыл бұрын

The video is about condos.

@crich8956

2 жыл бұрын

@@blackworldtraveler3711 Homes have HOAs as well.

Whether the HOA fees are worth it depends on what you get for your money. If your place has pools, gym, rec center etc. , that all requires maintenance. We bought in a community that doesn't have any of that for that reason. We have lived in our place for almost 25 years and have never been assessed. In California HOA's are required to have an outside company to do a review of your records and rate you on how well you are funding your accounts for upcoming repairs (roof, paint, roads, pool etc). If you are buying into an HOA situation (which I hope to never do again) make sure you check their progress. I would NEVER buy into a high rise. In San Francisco there is a high rise that is sinking and the people there can't sell their apartments. They bought these apartments for over a million and are stuck.

@stayswervin554

Жыл бұрын

Sinking lol you can’t be serious

@kbanghart

Жыл бұрын

​@@stayswervin554 well technically leaning, maybe sinking also

@blackworldtraveler3711

Жыл бұрын

Those condos were over a million each so I doubt many here are concerned.

Great question. A good way to find out is to look at the financials of the HOA.

@forthefunofit3230

2 жыл бұрын

IF you can get them, correctly that is....watch out for "imperfections" on the numbers----

@andrewbetances1203

3 ай бұрын

Oh ya 100% of them do for sure​@@forthefunofit3230

Thanks for the info

I never understood why anybody would want to be in an HOA willingly, unless you are a board member and it's a second income for you as a treasurer or president or something. Otherwise you're just paying money to be told you're "living wrong", and being charged exorbitant fees for doing so. "oh but it's so much more quiet and peaceful!" Yeah being told you can't be out at night or being screamed at because your garbage can was left out for an extra hour, so peaceful.

What he is looking for and Dave kind of describes is a disclosure. W/regards to avoiding an assessment for something like a parking lot, you're looking for a "Reserve Study." Laws vary by state... in a nutshell you want to make sure the HOA has enough in reserves/savings to cover the cost of repairing or replacing common assets (like the parking lot, rails, siding, etc). I would be very careful with these items when buying into a condo or HOA with significant assets (like a pool/clubhouse/private lake with a dam/etc)- during the recession, folks found themselves being assessed a disproportionate amount of money after their neighbors were foreclosed upon, filed for bankruptcy, or walked away from their homes.

By now you should be aware to never go to a place with a HOA. This caller is making a bad mistake

I've had a bunch of HOA's over the years, both for personal residences and for rental properties. They really haven't been much of an issue to be honest. I think I've had maybe four notices to fix various things over 25 years. Most of it was minor (like pressure washing the driveway), but one required me to paint the outside of the units. They did need painting, however, so I couldn't really complain. And it showed that they cared how the community looked.

@dresser6135

2 жыл бұрын

Sounds like my HOA. The fee is low & all they do, really, is to keep the really crazy stuff down & try to keep the values of the neighborhood up. I'm fine with it. All I'd say is....if someone is going to buy in an HOA neighborhood, plan to follow the rules. Don't be that person who thinks they get to be the exception b/c they are "special". If you want to "do your own thing" then don't buy in an HOA neighborhood. It's not rocket science.

@kbanghart

Жыл бұрын

​@@dresser6135 mine's the same, I pay $100 a month and that includes use of the clubhouse which has pools, gym, etc and also high speed internet @ home. But that's bc us homeowners got together and demanded a good deal. I'll bet a lot of folks complaining haven't done their research, don't talk to neighbors or just assume all hoas are bad because they heard so.

@jesusisdead

5 ай бұрын

You people haven't gotten on their bad side. They will steal your house over something petty

“In the multitude of my anxieties within me, Your comforts delight my soul.” Psalms 94:19

@pvn0369

2 жыл бұрын

Blah blah blah...

@KS-cl8br

2 жыл бұрын

Go

@KS-cl8br

2 жыл бұрын

F***

@KS-cl8br

2 жыл бұрын

Yourself

@vladamirkb1

2 жыл бұрын

Coca-Cola

Ask the survivors of the condo building that collapsed in Florida how much is to much and are you doing proper maintenance. Personally I would day avoid a condo because your just buying a glorified apartment. You are better off to buy a house and pay a lawn care company to take care of the outside mowing

I pay $650/year. I thought that was a lot.

Our HoA is $140/month but they cover all exterior maintenance and replacements like the roof, pest control, and insurance/maintenance of the common areas (we live in a townhouse community). We're scheduled for a roof replacement next year

@greenhuue4399

2 жыл бұрын

.☝️☝️☝️

@crzyruskie86

2 жыл бұрын

You hope

@javontedonuts1034

2 жыл бұрын

@@crzyruskie86 🤣🤣🤣🤣🤣🤣

@canyonk652

2 жыл бұрын

The question is does the HOA have 100% funds to pay for the roof or will there be a special assessment to cover the difference

@pey7777

2 жыл бұрын

@@canyonk652 They've been taking a staggered approach and doing a few houses at a time. They've already done half of the community's roof replacements this year. No special assessments. We're a small community only 14 units

My dad bought a condo but the seller nor the real estate agent disclosed there was an assessment on top of the HOA fee. He didn't find out until after he purchase the place and moved in.

That's why I'd rather rent than own and live in a condo. Plus with rent all I need to do is give 30 days written notice before the lease expires if I don't like something or my situation changes. No maintenance or home improvement either.

One condo in Portland Oregon built in 1996 is listed in Redfin has $647 HOA monthly dues! That’s ridiculous!

@kristineparrotta2456

Жыл бұрын

In Naples fl, same thing.... a condo that cost 280,000 has 600 hundred dollar a month hoa, and it includes nothing, like cable or electric... hoa should be 300, and no more.

@callmegorgeouos

Жыл бұрын

Mine is $900, quite high but includes three tennis court, three swim pools, one huge clubhouse w/pool table/small Threater-like area; Minnie golf area; picnic table area; ponds;gym; and a spa…

@Chris2jz

Жыл бұрын

​@@callmegorgeouosthe keys

I’m with Dave. I understand the purpose and benefits of a PROPERLY run HOA but way too many of these boards are run by control freaks.

@greenhuue4399

2 жыл бұрын

.☝️☝️☝️

@forthefunofit3230

2 жыл бұрын

simple solution--DON'T BUY WITHIN A HOA!!!!!

@kbanghart

Жыл бұрын

​@@forthefunofit3230 I did and I'm glad.

@forthefunofit3230

Жыл бұрын

@@kbanghart oh well, pity you

@kbanghart

Жыл бұрын

@@forthefunofit3230 if you want

I pay $235 a month. It’s actually one of the lower HOA fees in my area

@oasisman

2 жыл бұрын

that's lower nowadays

@bigisrick

2 жыл бұрын

That's insanity

@Fiery154

2 жыл бұрын

That’s a great price!

@kait112

2 жыл бұрын

So is ours - we pay $175 a month. I know people who pay $350 and I think they're getting ripped off cause it barely covers anything

@kbanghart

Жыл бұрын

​@@kait112 I guess I'm lucky, I pay $100 a month. But us homeowners got together and demanded to keep the price low.

Pay $300 a year for our HOA which includes mostly maintenance of the parks or road and irrigation. I was a little skeptical about HOAs but ours is pretty chill

@jasonfreeman509

2 жыл бұрын

@Austin Duke I think it depends greatly on each HOA because I've heard some horror stories. Luckily, mine has been laid back. Glad you've had a good experience

@CytotoxicTrev

2 жыл бұрын

Oh absolutely, $300 a year is nothing, a lot of the good townhomes and condos around Houston charge more than that per month.

@rbee1275

2 жыл бұрын

We pay $265/ mo. Have lived here for 19 years and have had special assessments only twice. Can't complain.

@blackworldtraveler3711

2 жыл бұрын

The people that always complained to me about hating condos and HOAs never understood or tried to understand what they were getting into. They didn't read the rules and bylaws or looked over the financials. Never understood how people can make such a large purchase like a home practically blindfolded.

@knicholas8768

2 жыл бұрын

I lived in an HOA neighborhood for ten years and never had a problem other than a couple of bad landscaping companies. HOA replaced every bad company when the contract expired. We enjoyed having a playground and pool access for the kids. I understand there are bad HOAs, but they’re not all bad.

I would make it illegal to list homes for sale if there is an HOA. It should be for RENT by law, you never own the house free and clear, the developer does

Some of these hoa's are ridiculous and you don't get your money worth

@byefelicia8632

2 жыл бұрын

Looks like you’re getting your money with that provocative profile photo.

“That guy” 😂 so true

Condos in Florida are seeing large increases in insurance costs for buildings and liability, every year. You need to also check the minutes of any Board meetings or workshops. New roofs may also be demanded by insurers if there are less than 3 years of useful life left per licensed roofing contractor inspections. These costs are passed through to owners and with escalating construction costs, special assessments are often needed.

I don't know about a condominium but we had them on our detached house rental properties. But for $300 a year the tenants got use of the neighborhood pool. That was great deal! But I suppose that condos have common areas that single-family houses don't.

@matthewgardner2144

2 жыл бұрын

I own a vacation condo that I rent out much of the time. We pay $290 per month. There's a big pool, tennis courts, extensive landscaping, parking lots and common area lighting, things like that. You get what you pay for. Life is not free.

Condo HOA fees are absolutely insane for what you get - at least here in Atlanta. I looked at a Condo for around $300K - the condo fees were $600 a month. The only amenities that building had was one small outdoor space with some cheap outdoor furniture and grill. They shared a gym with the more expensive condo community next door.

Low fees = deferred maintenance = special assessments

That’s what happen with the building in Florida, low hoa fee then they didn’t have money to for maintaining it and it fell down

@blackworldtraveler3711

2 жыл бұрын

Just like a house you get wash at you pay for.

My is $148 a month. They does a good job for my townhouse

Ramsey dont know what he is talking about his HOAs feed were low because the owners of his Knoxville condos were cheap and refused to vote on any assessement and big chance their HOA had insufficient emergency reserve the is why they got hammered when the special assessment came. If you wanna buy a condo check if the condominium is not in deficit and that the HOA have sufficient reserve. If you really want to know if your HOA's fee are reasonable, compare them with your condo eventual rent. If the HOA fees is more than half of the rent, your HOA is too expensive.

There’s pros and cons to a HOA community just like anything. For me I love having our lawn managed, we have and indoor basketball and volleyball court, a state of the art gym and a restaurant on-site. Worth it for me.

HOA...plus Taxes plus...insurance😵‍💫

The purpose of the HOA is to keep the property value up, however HOA is rarely anything more than a big liability, and most likely it’s a scam from the pit of hell.

I can’t wait to get out this hoa

I would NEVER pay an HOA. Never have, never will.

HOA in Sarasota Fl is ridiculous expensive 😫

@greenhuue4399

2 жыл бұрын

.☝️☝️☝️

Anything above $1 unless perhaps it's a gated community.😂

Mine is $200/month in Las Vegas in a duplex and includes landscaping (desert so not much work to be done), water, sewer, siding, and roof.

@bigisrick

2 жыл бұрын

Absurd.

@kbanghart

Жыл бұрын

​@@bigisrick how is it absurd?

@kbanghart

Жыл бұрын

Wow you mean they will replace the roof?

Got a bare bones HOA that charges about $30 per year.

Found a condo near st Augustine beach. Small place. 150k. Hoa fees were 1200.

Yes, my experience of HOAs is similar - and I've actually been roped onto the board of two. But the problem is not always the board so much as it is the homeowners themselves who complain that someone left their trash can out, someone has a small unapproved statue beside their porch, someone didn't paint their home the approved shade of the right color, etc. Remember, HOA fees are a legal tax imposed by a quasi-governmental body run by unpaid people who feel qualified and compelled to tell others what to do. So when buying a home or condo in a "low-property tax" state, you may end up paying FAR more when you factor in the hidden taxes of HOA dues and assessments on top of your normal property tax - while still being responsible for things like air conditioners, water heaters, plumbing and electrical.

HOA= walk away!!

A Clint Eastwood HOA fee is $2,900 a yr. at his Tehama Properties. Nice with acres and a facility, but that's waaaay HIGH

One dollar is $1 too much for an HOA fee.

@kbanghart

Жыл бұрын

Incorrect

Has he adressed this question before. I don’t know why I feel like I have heard this exact question and video. I wonder if it was on a livestream

It depends on what you get for it.

It seems like HOAs have several routes to going sideways. 🤷‍♀️

I know a guy who paid off his manufactured house and still pays for lot rent$ 700.00 I told him to get out that is ridiculous

Ramsey you need to go international!

Mine is their accounting ledge keeping score for fines n accumulated interest and lien fee or lawyer fee for every $10 when they raise the fee but I haven't been able to change the automatic bill payment.

Haha! After having a condo as a second home I would not recommend it! It’s exactly what Dave said! One guy in charge making all of the decisions!! And be prepared for the high school clicks to return! LOL

@blackworldtraveler3711

2 жыл бұрын

Must be those low end condos with one guy in charge. You're exactly the type Dave talks about that didn't know what they were buying.

HOA for condos in san fran is crazy. You will see a 75k condo but the HOA is $4,500 per month.

Never, ever buy a home in an HOA. As an investor, I ignore all HOA listed homes. HOA homes will devalue. Period.

It all depends. I am against HOA however mine is just $140 a month but we get a huge lagoon, pools, multiple events during the year all fully staffed and properly managed. The HOA isn’t very intrusive unless you are really doing something crazy the result is that community is in pristine condition and one of the most sought out in north Dallas.

@blackworldtraveler3711

2 жыл бұрын

I think the ones complaining are guilty of ignorance buying theirs. Did not read rules/bylaws before buying. Blame everyone else.

@anthonylozano8035

2 жыл бұрын

Still too much

@zero_cool817

2 жыл бұрын

I’m looking at buying my first home in Fort Worth. I’ve noticed the Majority are HOA.Something doesn’t feel right about paying people to tell you what you can’t and can’t do on your property. Plus the horror stories of rouge HOA’s. I’m definitely skeptical.

@kbanghart

Жыл бұрын

​@@blackworldtraveler3711 so true

@kbanghart

Жыл бұрын

​@@zero_cool817 normally I would agree, but I've lived in some really nasty places with no HOA, so it's nice living in a place where people at least have to keep their front yards clean. Keeps my equity up

Ken with amazing feedback on this call, yet again. I don't think anyone else is qualified to answer housing related questions except Dave.

We lived in a condo complex. Didn’t know that the HOA had been RIPPED OFF - TWICE - by “professional management groups”!! We had to pay a HUGE amount to our buyer when we moved to cover the re-roofing project fees! (No $$$ in the HOA fund!) We were VERY careful after that! Joined EVERY board after that to monitor and influence.

I'm a member of the HOA and I'm disappointed of the women, one is malicious and she got a poor senior citizen that follows whatever that millennium girl tells her. The guys are scared of she will bite their head off if they say something. I have tried to stand up to her but she accused me of being a bully and the board voted to censor me. She talks bad about contractors she doesn't want so they won't get voted on. These women behave like high school kids. The disrespect is unbelievable. The waste of money is incredible because their decisions is all about feelings. She has asked me to resign many times but I have stayed there just to keep an eye on them. I have never hated anything, but I can use that word in this situation. I thought about suing them but that would be hurting my neighborhood. BTW, this HOA is made of volunteers😑

Anything over zero, will never live in a place with an HOA.

Condo HOA´s are stupidly expensive. If you are buying for investment, it eats all your profit margins along with the property taxes.

@blackworldtraveler3711

2 жыл бұрын

I own two condo rentals. Paid cash for them. One HOA is $120/mo. and the other is $230 and property tax of $600/yr and $1200/yr. My condo fees and property taxes are included in the rent. Don't see the problem here.

@veroniquevesta7516

2 жыл бұрын

Yup!

I feel that most of the time they’re too high 😂

@blackworldtraveler3711

2 жыл бұрын

You feel. That's part of the problem.

@alp.9672

2 жыл бұрын

Absolutely

Florida HOAs are going up like crazy and good luck with the special assessments for 30+ year old condo buildings.

I live in a condo that has an HOA. Every November, the board has a meeting and presents next year's budget. It's broken down line by line for all of the estimated expenses for the next year. Things such as landscaping, snow plowing, electricity for the hallway and parking lot lighting, insurance, trash pick up, etc. 66% of the homeowners have to attend the meeting or give a proxy to a board member or another homeowner, to vote in their absence. If not enough people show up, than last years budget stays in place until a meeting with 66% is convened. The state I live in governs HOAs. The requirement for a yearly budget meeting and the 66% quorum, are state requirements. The state also has a requirement that at least 10% of HOA fees collected go into a reserve fund for future projects such as roof replacement and parking lot repaving.

I'm having a hard figuring out which is worse, living in a corrupt HOA or purchasing a time share

@codorin

2 жыл бұрын

they are close cousins. both are horrible

I'm in an urban area in LA County, my HOA fee is $610/month. It was at $430/month for several years prior. We have a pool, hot tub (both in ground), guest parking, mailboxes, electric fence for car entrace. That's all we get. We got a $9k special assessment 3 years ago and another $4k special assessment now. There are about 50 units in the complex. I'm not sure if this is okay or not, so wondering what everyone thinks.

@MrDefreese

5 ай бұрын

You sort of have to either create your own spreadsheet to roughly analyze the expense or value vs. comparing to the HOA report on financials. Then compare to if you had to do it yourself in a property you owned with comparable circumstances. So an apples to apples comparison might be the seasonal cost for maintaining a yard or a pool. A multi year budget item might be not just saving to replace a roof, but comparing on maybe a square footage replacement cost or something so you can have a sense if your figures are somewhat in line with the HOA numbers. It is definitely a complication.

I'm not spending cash to live anywhere, property taxes are to much.

I pay $60 a month for my hoa in a old neighborhood...I hate it!!!!

Yeah but the professionally run HOA's are the ones driving the fees and assessments thru the roof... people are saying new outfits are coming in and hammering them... part of the "Great Reset" I imagine to drive homeowners out of their homes so they can buy them up and rent to them

Get a house without a HOA. If you don't like cutting grass you can hire a person to cut it. That's the way to go.

$100 if they don't include much....attached condo with a pool and club house is usually around $350‐425 a month! Cali prices!

@amytaylor5458

2 жыл бұрын

Hello there👋,how are you doing today?hope you had a wonderful day? ❤️

@donnafontaine2799

2 жыл бұрын

Expensive just like here in the Boston area.. yikes!

The HOA fees out here is California are absurd.

@kbanghart

Жыл бұрын

I'm in California and I pay only $100 a month

I have large chrome rims 26 inch and my hoa is mad because they loose air pressure when I don’t drive it lol lol

10 cents is too much for a HOA fee. I cannot believe people live like this.

Absolutely correct. Need to make sure the HOA has had a Reserve Study performed by a qualified professional firm and that there is a separate Capital Fund set up independent from the everyday checking fund that is part of your HOA fee. Also, most HOA Boards are made up of ordinary people with no real knowledge or experience so you also need to make sure your HOA has hired a professional Management company to manage the finances and help the Board make the right decisions when sticky questions arise.

Also look to see what you are actually getting from the HOA, many times they over charge and you get nada.