It FINALLY HAPPENED TO ME! Insurance CANCELLED! kzread.info/dash/bejne/qWqZyNmyj8rAoJc.html

@barbraprosper9065

4 ай бұрын

❤😊

@cer2299

4 ай бұрын

Homeowners can dissolve HOA's with a vote and then file that dissolution with the city. It is that simple.

@kungfujoe2136

4 ай бұрын

just another TAX kinda feels like the you cant buy annything just rent it so they can bill you in perpetuity (not to mention the power they have)

@jimmytovar2844

4 ай бұрын

I want the real estate course!!!

@kevykevTPA

4 ай бұрын

@@kungfujoe2136 Property taxes are the same, and some of these rich people homes Michael shows can cost upwards of $50,000/year in just taxes... I can't afford one of those abodes, but even if I could, that never ending, ever increasing property rent, er, I mean taxes would probably make me not buy one even if I could.

HOA is the first thing I filter out when searching for property.

@littledebby365

4 ай бұрын

What's scary is leaving the filter off and looking at the map, then turn the NO HOA filter on and see how many listings vanish.

@ggbice

4 ай бұрын

Sense of community 🥴🤦. My idea is a wave and brief conversation. I'm not looking for a commune way of life. The Village's is perfect for certain people; those golf carts would drive me nuts. HOA management and oversight at the Villages is alive and well. I don't live there, but I'm very familiar with the expansive community. To each his own🌞

@MrBee-cp9pt

3 ай бұрын

Facts

@minaso81307

3 ай бұрын

Same here 😂

@MidwestFarmToys

3 ай бұрын

Same here. Same here. There was a story a while back where someone had action taken against them for feeding ducks. That's right. Feeding ducks. 🤦‍♂️

I will buy land and build my house rather than buying an HOA

@verbalasswhooping

4 ай бұрын

Good choice...be mindful of the number of people and entities that have the same idea. Drives up the price...don't get priced out like homes have become. Good luck...I'm so glad I bought my land cash out right some years back...dirt cheap back then for a few acres. Now it's way more expensive...

@melgray4530

4 ай бұрын

HOA is the worst of the worst 😫

@barryblack8817

4 ай бұрын

Thats right!!! Hope you get yours. I brought some land in 2021 and plan to buy another parcel of land in 3 months. Don't wait long because we have a lot of people entering the country who don't have a permanent residence who will need one

@dakota-rt8kd

4 ай бұрын

Same here!!! I don't like those "cookie cutter" homes or HOA!!!

@minjikim2161

4 ай бұрын

HOA isn’t as bad as people make it to be, not from my experience anyhows

What do you call a group of Karens? HOA!

@mangodiet801

4 ай бұрын

HOAs primarily used to keep people out of neighborhoods, but now it's all backfiring because municipalities are using it not build proper infrastructure or provide services - now people care (because it affects them), before they didn't

@tobyk5149

4 ай бұрын

lol Karens love HOAs

@dylanvanhoorne3191

4 ай бұрын

Communists love to control property that they didn't pay for

@matiasmoscosocevallos5216

4 ай бұрын

Not exactly! There are women who don’t live in HOAs who are Karens (and men who are Kens).

@frederickmuhlbauer9477

4 ай бұрын

Can you imagine trying to deal with a bunch of menopausal Karen’s ? Me either

I am a retired property manager. I bought land in an unincorporated area and put a mobile home on it. There is no way I would subject myself to the extra layer of government and control. Live and let live is my motto. My neighbors are ok. The undesirables on the next street saw my dog and they do not even walk down my street anymore. I am totally fenced in and I can just be a hermit. Loving life!

@DIVISIONINCISION

4 ай бұрын

There's more to life than hiding out in your camper and being a hermit, young Patriot. Life is to be lived.

@Winterascent

4 ай бұрын

What does that have to do with living under and HOA? @@DIVISIONINCISION

@sfloridapatriot5572

4 ай бұрын

@DIVISIONINCISION not in a camper, nice piece of property and peaceful.

@JohnJohnCrusher

4 ай бұрын

​@@sfloridapatriot5572 As long as it's peaceful and your neighbors aren't being disrespectful or insensitive to those around them... good on ya. I've seen neighborhoods without HOAs run amuck

@littledebby365

4 ай бұрын

@@DIVISIONINCISION like what? Pickleball?? lol

Everybody should boycott HOA 🙅🏾‍♂️stop buying homes that already has its owners.

@GiannaPGP

4 ай бұрын

Yes!!!!!!🙌🏼

@JohnAppleseed-cy1rd

4 ай бұрын

It's based on racism so that's the way they like it. I doubt it would change anything

@KennethStevenson3

4 ай бұрын

100%

@phaedrus2633

4 ай бұрын

The other option, is to be one who serves on the board of an HOA. Believe me, if it's an HOA run by the homeowners, as it well should be, then there are plenty of spaces on the board during the annual election cycle. No one really wants the job.

@deandee8082

4 ай бұрын

no chit, not rocket science, don't buy, they go away . . . in an HOA you never own your home, you lease it...

I will never buy a home in a HOA! They can put liens on your property, and the dues are like a mortgage.

@frozentundra7446

4 ай бұрын

Never, ever, buy in a HOA!!!

@phaedrus2633

4 ай бұрын

As a member of an HOA board, we could put liens on houses, which didn't mean a lot until the homeowner tried to sell their house. And, when they did, Katie bar the door, they wanted the lien removed yesterday, which, they could have easily had done, had they paid their dues, and/or penalties.

@FlatWaterFilms

4 ай бұрын

@@frozentundra7446 So there's no way the average family can live in my area in a private home. HOA's are more affordable.

@eattherich9215

4 ай бұрын

​@@FlatWaterFilms: 'HOA's are more affordable.' Just wait until on top of the monthly dues, additional charges are levied. You had better hope there are no major works in the can that are going to eat up the reserves and then require a significant contribution from property owners.

@blackworldtraveler3711

4 ай бұрын

It’s all about choices and being able to afford where you live. There are other ways you can have liens like not paying your mortgage,child support,alimony,inheritance tax,etc. then you have collections,judgement,etc…

I lived in a HOA community and will NEVER be a part of one again! It took s year’s worth of community meetings just to get an approval to change the color of the shutters on my house. It was horrible.

@whiteviper1979

4 ай бұрын

WTF 🤬

@taroman7100

4 ай бұрын

silly nonsense little despots is all they become. I cant tell you how many complaints I've read on Nextdoor about regretting the dues they pay in return for nothing.

@DianaPrinceitiswhatitis

4 ай бұрын

That’s beyond insane. Smh

@eile4219

3 ай бұрын

imagine giving up the right to change your home's color to someone else, it couldn't be me

@lindaberl3712

3 ай бұрын

@@eile4219 I was young and dumb when I bought it. Won’t make the HOA mistake ever again.

I absolutely HATE HOA's. Will never live in one ever again.

@matiasmoscosocevallos5216

4 ай бұрын

So don’t live in them… like ever!

@gamanshoo

4 ай бұрын

Same here. Paying to live in PRISON!

@Election-sv6ok

4 ай бұрын

What happened?

@millions2nette

3 ай бұрын

@@gamanshoo OMG! That's so true, from what I've heard and observed. Condos have the same problem, I believe.

@karissakline6765

3 ай бұрын

Great! More inventory for people who WANT to be there and see the benefits. Enjoy your new neighborhood with cars on the lawns 😂✌🏻

My father's Condo Association has a sheriff there at their monthly meetings to keep the peace

I heard someone in South Dakota whose HOA banned owning firearms sued the HOA and won. What is amazing to me is that the HOA was even able to implement a policy like that to begin with in a place like South Dakota of all places. Now HOA is more powerful than our constitution? And the fact that the guy had to sue the HOA to exercise his 2nd Amendment right is what is so wrong about it.

@TheTurdballs420

4 ай бұрын

I’d just ignore it and do what I want. My right to defend my self is self evident and granted by the almighty himself, not the government, not the HOA.

@straightup7up

4 ай бұрын

@TheTurdballs420 you can't just ignore the rules even if they're unconstitutional, you must go in court. HoA has lein on your property. If you don't do what they say they can take your house​.

@johnmccarthy7195

4 ай бұрын

I'm sure there's a lot more to that story.

@douglasstone3813

4 ай бұрын

Translation: Homeowners sue themselves costing themselves thousands dollars in a victory for their property rights & Second Amendment Rights. Merica!

@daboyup2nogood

4 ай бұрын

@douglasstone3813 LOL. You are right about that. I guess in the end we all lose.

550 a month for my average town home HOA , Not a gated community. They literally Cut the grass and pay someone to sit in the club house all day. That’s it lol so yeah not cool

@MichaelBordenaro

4 ай бұрын

Yep and nowadays, most of that money just gets eaten up by insurance as well as utilities, and the ground maintenance

@smartcookie3500

4 ай бұрын

Buckle up boys! It's gonna be a wild ride.

They're a scam and you get nothing in return. You pay to have rules made that can make your life miserable and the monthly fee can go up without any warning. There needs to be serious limits on HOA extortion! Was in one once but NEVER AGAIN!

@matiasmoscosocevallos5216

4 ай бұрын

Well, not always! Depending on where you go.

@dmimcg

4 ай бұрын

I only got a 18 hole championship golf course, a lake for my jet ski, and a 14 mile UTV trail. Private roads with snow removal. $200 a month. Heaven on earth.

@wavereader8847

4 ай бұрын

Please someone do something about it then. We live in a world where we have less and less power. They track us through the internet. Physical copies of things are going away. We will have to subscribe to everything. They want us to save a million dollar for retirement now. It's insane.

@karissakline6765

3 ай бұрын

Our HOA is fantastic, the whole community looks like a resort 24/7/365 and our full time security makes our area the lowest crime rate in a 20 mile radius ✌🏻

@Matt90541

2 ай бұрын

I would only live in an HOA. I currently live in one. Most non-HOA I've looked at lack basic infrastructure like sidewalks, are old, and if you are unlucky rusted out cars parked out front.

Yea, I want to pay $300.00 a month for an HOA to tell me what color I’m allowed to paint my mailbox so I don’t ruin the “view shed”.

@dylanvanhoorne3191

4 ай бұрын

Communists want nothing but Control cause delusional property value gives them wood every morning

@marknewton6984

2 ай бұрын

Yeah, sure !😎

Dad lives at a coop for 50 years. Someone actually sent a neighbor a letter because a garden gnome was 1/4" too tall.

@scottysteadman5063

4 ай бұрын

Lol 😂! Sorry but a little funny 😄!

@gamanshoo

4 ай бұрын

HOA prisons are hell

@SunofYork

3 ай бұрын

Gnomes move around at night and they are homicidal

@Kuckerkarlson

22 күн бұрын

Predatory for sure

From my experience, even serving on an HOA board, HOA rules are B.S. All that the homeowners need to do, to change the rules, is walk around a petition.

@steveb365

4 ай бұрын

Doesn't work in most HOAs. Pay attention to who has majority control in the HOA. Once in, you're trapped.

@raymondcapone2728

4 ай бұрын

That is not correct, rules are separate from covenants and Amendments which require competent and costly legal counsel and then must be brought before the homeowners to be voted on. A 50% + 1 majority is required for implementation or changes to governing documents. Only at that time can the new amendments be registered with the county clerk and enforced throughout an HOA. It is very time consuming and difficult to.

@phaedrus2633

4 ай бұрын

@@steveb365 With the HOA that I was a board member of, we, the homeowners, quickly took control of our HOA from the management group first set up by the developers. Now, if the homeowners of other subdivisions don't want to take the responsibility of serving on the board of an HOA, then I guess they have the privilege of confronting a management group that doesn't have their best interest in mind.

@matiasmoscosocevallos5216

4 ай бұрын

Basically anything in life: start a petition and go around people making people sign it.

@phaedrus2633

4 ай бұрын

@@matiasmoscosocevallos5216 You're more right than you know about "making people sign it." Or, more accurately, coercing them to sign the petition. From what I saw, a mother will take her brood and if the household they stop at will not sign the petition, the children make a scene about it. My subdivision did not have all that draconian laws. They wanted all new fences to be black, or dark brown. That was changed via petition. Then, no basketball hoops, that was overturned. No dog kennels or dog runs. That was either overturned or just plain ignored. I believe I saw every restriction overturned when we lived there.

Hell Of Association for people who crave extra government.

Funny story. My brother had a nice home in orange county and completely lost his mind when the new neighbors parked a new giant rv next door on the street. Sold eventually and moved into an hoa community. Got nailed almost immediately for installing a ring doorbell and had to spend hundreds to remove and restore the original doorbell. Calls me complaining about it. I just laughed and said "hey, you wanted rules and regulations from an hoa Gestapo monitoring your every move, you got it." I think they were paying around $500/monthly for the hoa fees. Now they live in an older home, older community with no hoa, and he is learning to live and let live. Lesson learned

@jenrehh

Ай бұрын

omg!!!!

I had a home in an HOA once, never again.

@marknewton6984

2 ай бұрын

No way.

When it was time for me to buy a house, I deliberately wanted an older house. Closer in to town, better built, and no HOA. I chose a house built during the Cold War, and I answer only to my county authority.

@billredding2000

4 ай бұрын

Don't know about YOUR city/town, but in most of them across America that'll mean you'll be living in an higher street/property crime zone. Prepare for your car to be vandalized/broken-into, mail/packages stolen, home burglarized/home-invaded, loud nut-case neighbors and/or their unsupervised kids, trashed-out streets/lawns, multiple cars parked everywhere (some homes are like car lots) -- you name it. I'd have to pass on experiencing such "rich cultural diversity" because to me NO amount of house-buying savings is worth living in that kind of everyday-stressful environment. -- BR

@frederickmuhlbauer9477

4 ай бұрын

Smart

@genxx2724

3 ай бұрын

Do you mean a post-WW II house, which were typically small, but very solidly built?

@marknewton6984

2 ай бұрын

Very cool 😎

When I bought my house I specifically made sure not to get involved with an HOA. Who the hell wants some person telling you what you can do with your property. I had enough of that living in apartments. I would never buy anything that was associated with an hoa.

I live on a rural road, 5 acres, 3500 square ft house. Privacy, freedom, no HOA, never going down that road. Sorry, wouldn’t live in one for free….

I’ll buy land and a double wide before I ever let Karen tell me what to do on MY property

@katydid2877

4 ай бұрын

You get a copy of CC&R before closing and have to sign off on it at closing.

@Jack-pd4ps

4 ай бұрын

I’d rather live in a nice neat HOA community than to live in a rundown trailer.

@katydid2877

4 ай бұрын

@@Jack-pd4ps AZ has RV/mobile home resorts with tons of amenities and the lot fee is $800-$1000 a month. They are really nice.

My brother owns a rental property in a HOA. The only benefit of that HOA is the swimming pool, but they cant keep the vagrants out because there is no security. They often have homeless going into the hot tub with a bar of soap. They are suing to disband the HOA

@russellseilhamer4552

4 ай бұрын

That’s why we need uniform laws for all HOAs, a homeowner bill of rights added to constitution that limit the power of the HOAS, hold them accountable and give residents a path of recourse if there is a dispute. Also limit draconian penalties for little things. Denying you the right to fly the American flag should be far beyond the mandate of the HOA

@goodmorningvenezuela6329

4 ай бұрын

@@russellseilhamer4552 ...Or no HOA's at all. It's a simpler solution

@karissakline6765

3 ай бұрын

Sounds like a shitty HOA and area, a good HOA is worth its weight in gold where I’m from.

@goodmorningvenezuela6329

3 ай бұрын

@@karissakline6765 A crappy HOA costs it's weight in gold, but I guess if you need someone to make sure you aren't causing trouble?

@chutneysmith6469

3 ай бұрын

Federal law trumps the HOA rule. You can fly an American flag, etc. with location limitations, etc.

That's nut about HOA's. You really covered this topic better than anyone. Say no way to criminal HOA's that always find a way to increase fee's, as if that's their primary job.

@yorsan2240

4 ай бұрын

HOAs contracts private companies to do the management, it's 100% sure to get shafted by them, should be illegal but isn't

Great video. I've been in HOA for 20 years and can't wait to move . Last letter was that my bbq pit was not technically in my backyard. BTW, my house is a corner lot, so differentiating my actual backyard is up to discretion, no doubt . I'm done with The Woodlands TX.

@markdittbenner9949

4 ай бұрын

The woodlands Texas is a super grotesque place to live I know I lived there and have long sense escaped that hell hole

@nancya5632

3 ай бұрын

@@markdittbenner9949I’m curious to know what makes The Woodlands a hell hole. My sister and her husband settled in Tomball almost 4 years ago when they moved from New England. I’ve visited three times and I didn’t get that impress when we visited The Woodlands. Just curious.

@maverick-zj3jz

Ай бұрын

Hoa are a money 💰 grab.

@suebruce493

12 күн бұрын

There’s a murder or three and inheritance theft in the history of that land, before the development of it. Just something I’m personally aware of. I believe in ghosts and angry spirits.

Who can afford a property tax of 40/50,000$ a year? That’s insane

@MikeBarbarossa

4 ай бұрын

Better question- why in the world does a government demand 50K for what's built on a 100 ft x 150 ft small plot of land? They absolutely don't need that much tax for such a tiny portion of the city/county, but they'll take it

Having every new house governed by a Homeowners Association (HOA) presents a significant concern. While HOAs can provide community guidelines and maintain shared spaces, some argue that they limit individual freedoms and add financial burdens. Striking a balance between communal order and personal autonomy becomes crucial in addressing this issue.

@debroahmorrow5919

4 ай бұрын

This is definitely a challenging time. I think people need a comprehensive solution to address the root causes of the issue.

@ryan_dylan6650

4 ай бұрын

Do you think a financial advisor (FA) could provide a solution to this crisis? It seems like they might be able to guide individuals and companies through these uncertain times.

@leonardives1991

4 ай бұрын

Absolutely! An experienced financial advisor could play a crucial role in helping businesses and investors make informed decisions during such market downturns. They can provide strategic advice, portfolio adjustments, and risk management strategies.

@danialwiren2403

4 ай бұрын

You're right mate! I've been using a fin-market expert for two years now and I own a 7figure diversified portfolio from investing in stocks. Currently, my portfolio is worth over $900k

@susanlisa3782

4 ай бұрын

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

Great point Michael I agree with you 100%. They should not pay property taxes in an HOA community.

@mangodiet801

4 ай бұрын

some places include taxes in your HOA fee

@Seafarer62

4 ай бұрын

HOA does not pay for local schools, police and fire. Property taxes are necessary.

@blackworldtraveler3711

4 ай бұрын

​I live in secure gated upper middle class community with 250 Italian style condo homes of around 30 floorplans but my fees goes to taking care of things from the Sheetrock out and within the gates that surround the private property,like the swimming pools,tennis/bball court,roads,4k cameras,security,clubhouse,utilities, maintenance,landscape,etc… About 40% of monthly condo/HOA fee goes to insurance. My personal property tax goes to mostly the public school,community college,Vo-tech,and libraries. Even though I have no kids I’m good with it. My property tax is $1650/yr. with homestead exemption and future senior freeze option when I’m 65. Condo fee is 319/mo. HO6 with umbrella is $420.

That was a grand slam home run my friend. There is so much good info about HOA's in this clip it this should be seen by everyone looking to buy an HOA property. This all started with the developers bribing the zoning boards. to get favorable zoning so they could build their mega projects. The reason they started taxing property to begin with was to maintain infrastructure. They have a PUD designation so the developers can build these enormous profit centers and the government escapes all liability. Its double taxation and that's supposed to be illegal,. Then mismanagement companies maintain the places like that place that collapsed down in your area, screwing the owners again. The fraud that goes on in these places is also allowed to happen because of corruption. The contractors bribe the boards then do crappy work, and charge us all double and triple for it. The points you made were great everyone should see this. Great job. There are some good HOA's out there but not many.

My HOA for a side by side condo with no amenities only grass and snow removal is $355 a month. All exterior siding and roofing is also my responsibility. I agree with what people said about power hungry board members.

@katydid2877

4 ай бұрын

That seems pretty high. My condo complex doesn’t have amenities either and mine is $159 a month. They charge by sq ft, so bigger units pay more, smaller less.

@MichaelBordenaro

4 ай бұрын

Wow, that does sound like a rip off

@f42un84u

4 ай бұрын

Typically in a condo the HOA owns all property and equipment behind and above walls and land. Do you own the entire structure and land (if not high rise)? If not that is a bad arrangement. Legal?

My HOA board are all home owners in a 2 year position, and we pay a 3rd party property management company. We've had a few bad presidents over the years. Why should we pay for amenities that we NEVER use ? Example: if the tennis court is never used, remove it. I bought my single family home 12 years ago with the intent to rent it out after fixing it up. They changed the rules a few years ago that made it "Owner Occupied". Some should be grandfathered in. My neighborhood is only 102 single family homes built in 1995. My new monthly HOA is almost 200 a month. Went up 50 bucks last year for NOTHING.

@dylanvanhoorne3191

4 ай бұрын

Hoas are for property owners to have others pay thier property tax😂

I have lived at my townhouse for just a little over three years. My HOA fees have gone up twice in that time.

We did ONE stint in an HOA in Phoenix Metro.... what an awful experience and it was an upscale area... in Cave Creek (north of Scottsdale). The power hungry people hired by the HOA were absolutely obnoxious. Especially since I came from "live free or die" NH, people telling me the specifications of the smallest detail of my brand new build really grated on me. I understand preservation of value in a nice neighborhood but they stipulated the color and type of window treatments (not allowed to have NONE), color of house, color of stone outside of house, plants allowed in front yard, rules about cars parked in the driveway (not allowed full time - had to park in your garage). Guest limits, limits on the amount of grass as a % of your front yard, specifications if you want a large stone as a landscape piece in the front yard, and on and on. Should I have read every page of that HOA packet? Yes. I should have. I would note however, that the first time I laid eyes on it was DURING THE CLOSING and it was over 300 pages long. That wasn't going to be read that day. And it was a custom build so there was a period of about 5 months that they could have shared it. They were extraordinarily confrontational. We got ZERO amenities... no gate, no clubhouse, no pool, no property maintenance. It was a horrible experience the entire time. On my first or second day moving in the HOA official knocked on my door "Hi, my name is Tony and I'm from the HOA. I'd like to welcome you to the neighborhood and here's your fine." Seriously. That was our convo. What was the fine? We didn't have our pool plan submitted to the HOA. We decided not to go with the builder's recommended pool builder due to a 50% markup. We went with a competitor so the builder didn't submit the plans. I had no idea. No arguing with the HOA - we had to pay the fine. NEVER AGAIN. I RUN from HOAs. We are now in our 5th home in our 4th different state and all I have to worry about in our little area of retirementville is a power hungry county permitting guy.

I used to work for HOA company, it's a scam sure their are decent HOAs out there but 90% is a scam. What's worse is these companies have a group of lawyers waiting for you in case you dare to argue against them. Guess who was paying for those lawyers, you guessed it the same people paying their HOA dues. Am I the only one that thinks HOAs are ridiculous, i mean you own a home but your getting told what you can and cannot do in or around your home. People say "well it keeps my house appraised high" take a look around houses are already appraised high even without having HOA.

@blackworldtraveler3711

4 ай бұрын

Areas with houses that have HOAs do look nicer.

H.O.A.'s are a HUGE liability for homeowners as it introduces the 3rd party risk of a "custodian" over your property that is not you or the lender or insurance company. This custodian can break civil and criminal law and you will be financially liable for their acts weather malicious or through ignorance.

I live in an all-brick end-unit townhouse in Baltimore County, Maryland. They were built in the late 50's. No HOA fees. Homes in my neighborhood go super fast too.

@matiasmoscosocevallos5216

4 ай бұрын

Better cost, too! You pay less in HVAC each year.

@nowlaterkiss9811

2 ай бұрын

I bet!

Municipalities are the ones driving the HOA problem. They won't green light a development unless the developer agrees to make it an HOA community. That's how they pass off much of the responsibilities and costs of road upkeep etc.

@nicholasr7987

4 ай бұрын

And how the community doesn't have to follow normal zoning.

HOA's are fine until you get the wrong manager. Then it can be a living hell. I will never buy another house with an HOA.

@dylanvanhoorne3191

4 ай бұрын

Hoas are for and loved by communists prove me wrong?

I'm a property underwriter specializing in verifying legal property type. It's very important for people to read their entire bylaws, covenants/restrictions (CCR's), and the articles of incorporation. Almost every single new construction neighborhood is a PUD (meaning they have mandatory HOA membership, can put a lien on your house for late HOA dues, and eventually foreclose on it if you don't satisfy the lien). Unless it's an attached PUD (townhome style property, a townhome is NOT a legal property type), the HOA doesn't usually cover anything other than the cost to maintain common areas like parks, streets, and lighting. Some attached PUD's have HOA's that cover the roof, exterior maintenance like siding or painting, (very common), yard maintenance, and even driveways or sidewalks.

I foresaw the housing crisis and sold my property. I then put it in the market, about $200,000 of it. That was late February. I've lost more than 40% of my portfolio's value. It makes me really sad. How can I turn this situation around?

@xavier_lucas

3 ай бұрын

This is really sad. If you're not who understands strategies to invest in the market, why not seek a financial advisor to help you grow your portfolio?

@EmmaFritz90

3 ай бұрын

Having an investment advisor is the best way to go about the stock market right now. I’ve been in touch with an Advsr for a while now mostly and I gained over a short time.

@Muller_Andr

3 ай бұрын

That's impressive! I could really use the expertise of your advisor. Could you recommend who you work with, please?

@EmmaFritz90

3 ай бұрын

Doing your research will save you a lot of hassle. Monica Mary Strigle is her name and she is licensed.

@Muller_Andr

3 ай бұрын

Thank you for this. I'm gonna check her out and try to reach her. I hope she gets back to me.

We live in a community of single family homes and fortunately, our HOA is very low key. The dues is only $30 a year. We’ve lived here for 21 years and it’s never gone up. Plus, they don’t hassle us with typical bs.

I wouldn't want to buy a new home. I run a water system and these new-built communities I've seen water leaks in the first year, siding falling off and so forth. I bought a new place before the rates really went up. My rules were, 1 no HOA, 2 no newer than the 70s but also needed windows and doors already replaced, 3 can't be in a neighborhood that's too uniform. I found a solid 50s one at a great price. I lived in an HOA development my 1st place when I was young. Never again. The theory isn't bad, but the people on the boards are always the worst people to be on them.

@JNoMooreNumbers

4 ай бұрын

My area is a mishmash and I like it. Old house with lots of land next to the MC mansion with a tiny yard 😂. I like having property to do my thing without no one caring. Mines an old 37 cabin added on in the 50 and updated through time. Built with 2x8s.

@robertmanley2687

4 ай бұрын

I was on a board and we had a hurricane the president was a schemer and got a quote for $30,000 clean up from his gardener. During the meeting he called for a vote and I said I had a quote for $5,000.

@christinecortese9973

4 ай бұрын

I’m in a development with no HOA so you pretty much need a 4WD to get up the hill in winter. There are no street lights. We all have 10 acre lots, can’t see each other, and live very peacefully. Most of us have gates due to free range cattle. At the bottom of the hill is a combination coffe bar & saloon with a bbq pit. There’s a full service grocery store 10 miles away. It’s kind of heavenly.

@monarch-black

4 ай бұрын

@@christinecortese9973 That sounds pretty great. I'm glad I have a 4wd in the winter here too.

I have an HOA now but my next house will never be aligned with an HOA again. Horrible experience

I have lived in several HOA communities for 30 years. They have protected our home from idiotic neighbors.

I live in an HOA in Georgia. It’s 650 a year we have a pool no gated community. We have to maintain our own lawns. I’ve been in here three years and there’s 100 people out of 300+ who haven’t paid that will probably be foreclosed on

@azmike3572

4 ай бұрын

Doesn't your HOA just put a lien on each house that has unpaid dues, payable to the HOA when the house is sold?

@FixItStupid

4 ай бұрын

JAIL THE HOA'S

@azmike3572

4 ай бұрын

@@FixItStupidCan't put HOAs in jail because they're not persons, anymore than jailing multinational corporations over perceived injustices.

I have walked away from a few properties because they had an HOA. Nothing to do with the fees, but I just cannot see myself willingly accepting yet another level of government. So for me, if there is an HOA, there is nothing that will convince me to go there. The property has no value at all. I also prefer to avoid a brand new house because of the low prevailing quality of the offerings.

My HOA is $100.00 a year and the city takes care of everything. I live in Missouri and thats pretty normal around here. There are some that get up to 400 a year but that have more amenities.

I pay $253 a month in HOA dues. I got a letter in December of 2023 stating that my HOA dues would not be increasing in 2024. My HOA is relatively quiet. I keep to myself and they don't bother me.

Agree everyone I know hates HOA’s. We bought fencing from a home where the HOA made her take down the beautiful fence which cost 20k. She tried suing but lost. We picked it up for 1k.

Never move into an HOA, never.

@glennbeadshaw727

4 ай бұрын

The only advice you will ever need

@marknewton6984

2 ай бұрын

I won't😮

66%, wow! That is amazing. Our HOA doesn’t pay for much and there is always the worry they aren’t managing the money well. Also the older they get the more expensive the fixes like roofs, siding, driveways, garage doors, etc. and our deck is NOT included and homeowners responsibility. Thank you Michael, always great content. Robbed twice….is right. My elderly friend was harassed in her HOA and not allowed to get her deck approved for a whole year because of a nosy bullying member.

I live in an HOA neighborhood with both townhouses and single family homes in Central Florida. It seems like the edicts come from the money managers, Sentry Management, rather than the neighbors on the Board. The most outrageous actions they’ve taken are: 1) A few years ago they sent a truck around to confiscate portable basketball hoops that were being left out when not in use, and 2) the townhouses have their garages in the back, and most have their house numbers posted by their garage, but for some reason the builder didn’t put them on others. Last year, suddenly after 15 years of existence, those homeowners got letters demanding that they add house numbers by the garage within 30 days. They do have numbers on the front side.

@piedpiper7051

4 ай бұрын

We have Sentry too. Everyone I've talked with in my local 20 mile radius that has Sentry Mgt believes they're getting hosed. I'm convinced of it.

@DIVISIONINCISION

4 ай бұрын

Why did you buy in an HOA, though? You never answered that part.

HOA fees for my 692 sq ft condo in southern California are $545/mo 😢 I bought two years ago and they've gone up three times

@Alex-jx5bx

4 ай бұрын

OMG ....

@RobertJWood-vn1zl

4 ай бұрын

I’m in the same boat, bought a condo 3 years ago in SoCal. HOA fees are 325/ month, gone up 3 times and now a special assessment this year

@marknewton6984

Ай бұрын

Outrageous!😮

I guess we are lucky. Our HOA fee is about $650 a year, covers snow removal, trash and recycling pickup, common area maintenance, and 2 small entry signs and planters. Nobody is in anyone's buisness and I think we have had 1 yard problem with a neighbor in the 14 yrs we have lived here. It was due to a medical issue so the neighborhood help resolved it.

@dylanvanhoorne3191

4 ай бұрын

Your the problem

Did you see the story in Las Vegas? Where the neighbor complained about unlawful activity and that homeowner was shot and killed by the neighbor.

You are one of the best KZreadrs out there. Your viewers and fans have also seen that you are one of the most credible. True to your mission. The 33% that voted for the course will still love ya but were hoping one would be possible. Another good, well thought out, and well done video. Keep it up! Since hitting 100k we're all cheering twice as hard for ya and you're gaining subscribers quite a bit quicker. Keep doing them your way! That tells you the viewers love your no B/S content.

I lived in an HOA community in Naples, FL from 2007-2013. They are prevalent in south FL. I never liked walled off communities and an organization that would control what you do with your own property. I have enjoyed living in Tennessee these past 10 years. There isn’t a single HOA community in my county. The wealthy, middle, and lower class all mingle together and seem to get along.

In Central Valley California HOA’s can be from $300-$500 for a condo, way overpriced! ….And that’s monthly!

@pedros1

4 ай бұрын

$1000 HOA in NJ

@goldenparachute392

4 ай бұрын

$1000 monthly HOA high rise condo in Fort Myers, Florida

@smartcookie3500

4 ай бұрын

Senior living community. Home paid for. $350/month indefinitely.

Unless I had over an acre property, I would never live in an ungoverned neighborhood again. We live in a community with an HOA type governance. We get golf, tennis,clubhouse, fishing, 2 pools, clubhouse and activities for our 280 dollar fee. It is an incredible value. Around here, without an HOA you can easily end up right next to Billy Bob with a collection of used toilets in the front yard. *Just a note about construction... our governance is very lenient about new construction, almost too much so.

Why I like my HOA $287 per month - maintenance free living. No lawn care responsibilities. - cable & wifi included. - building a pool for us. No pool responsibilities. - walking path - respectful neighbors (older folks who are rich) - gated community

When you have to join an HOA, you givecup your rights to your own property.

HOA's are common because cities dont want to pay for new development infastructure so in order to be able for builders to build they turn the communities into an investment vehicles so dont have to absorb all the cost themselves.Home Associations are pretty bad but Condos in older buildings are far worse because the constant infastructure maintenance is often times in the millions of dollars.I personally would never consider living in an Association but they can make alot of sense for urban areas with higher crime rates or for elderly retirees.

My HOA is only $35 a month. Our HOA board members live in the community and we know them personally as our neighbors. We were really lucky. We dont have extra amenities that costs extra $ to keep up with. We just have a greenbelt walk trail. It's a very quiet, small and peaceful community.

sense of community , in other words fighting with each other and board members taking contracting kickbacks

Utah has been speerheading this for decades. It is absolutely unconstitutional and it is a huge financial and litigious monkey on your back for the average person trying to buy a home. Not to mention the illegal discrimination aspect. These people need to quit attacking us...

Had a friend who drove thru North Carolina, Kentucky and Tennessee (IIRC) and he could not find any raw land for sale that wasn't controlled by an HOA. This astonished me but what you're saying confirms it. The thing about HOA's is they were originally formed to control the riff raff that people were so sick and tired of living around. The loud music, the barking dogs and other nonsense people get up to these days. When I was growing up back in the 70's we didn't have the horse crap going on that we do now. People had some common sense and consideration for their neighbors. Today it seems like everybody owns a dog, or 4 and 5 of them. We've become a dog dependent nation where people need fur babies for their mental health! And the damnable home rattling subwoofer music coming out of these vehicles! You can't even have peace and quiet in your own home! Need I tell you what Section 8 houses can do to a neighborhood? But like everything else, HOA's were a good idea that got turned upside down.

@dylanvanhoorne3191

4 ай бұрын

You can't keep the world from turning cause you want quiet. Boomers I swear😂

@linmunn6075

4 ай бұрын

The original reason HOA were formed was to keep people of color out more blatant than redlining. The Riff Raffs were Black People.

@lorischamay1634

4 ай бұрын

There’s plenty of land here in central NC that you can build on and not be in an HOA if you so desire. Bob S.

@atomiclitterbox8526

4 ай бұрын

@@lorischamay1634 Thanks for that!

The house I’m in now was purchased in 1988. I specifically asked that whatever house I got was not in an HOA. I’ve never regretted it.

HOA in Sarasota Fl, bought house10/2020 800$ quarterly, went up 4 times so far, now its 1180$ quarterly. NO better services. When I sell, going to NV Hoas are $45 a month....rock yards, cactus and water your own trees. Yay

@moa3008

4 ай бұрын

I can see that the HOAs are getting a bad reputation because of the corruption of the officers who are in charge of the HOAs. They’re the reasons why many HOA members don’t want to remain in them.

Thank you for not creating some silly RE course. Can’t stand these channels always hyping up the apocalypse yet shilling some over prices RE course. You are a real one!

Been here since you had less than 1k subs , appreciate what you do

@MichaelBordenaro

4 ай бұрын

I appreciate that Jack! Thanks a lot for the super thanks. Dude! Great job with your channel as well. You’re growing like crazy. I have seen some of your videos recently. They are very funny. Keep up the good work.🤙

St Petersburg Florida NO HOA;s except condo's I didn't know it is rare in Florida

HOA is becoming like car insurance, when car insurance first came out it was optional, up to the driver, now its required by law.

I've owned in two HOAs. Both imploded due to mismanagement by rogue BoDs. I've rented in three HOA's. Two were relaxed, the third (with a management company) was East Germany. The last house I owned, I made sure to avoid HOAs. It was hard to find, but worth the work.

$300/month is worth it for me if it's gated, has a clubhouse and pool and they take care of the lawn care. But that's because I intend to travel about half of each year. Having a place where I can lock the door and go for months at-a-time without having to contract pool and lawn care is a huge benefit.

@Alex-jx5bx

4 ай бұрын

Sounds like this more like $560 now days😊

Michael, it is very common that public figures love their individual privacy almost to a point of being anti-social. I like your brutally honest channel.

Google ran 8 adds on this show. I can tell you for a fact that in Idaho, Montana and the like an hoa reduces property value.

I will NEVER buy a house with HOA! The last thing I want is losing the ability to decide what do to with my house, my yard, my parking, etc. HOA should be illegal house owners should be forced into joining one!

No, not going to live in an HOA. People got enough crap on their shoulders of what governments tell you that cannot do with your property for matters which 30 to 40 years ago would not be a problem. Like making it nearly impossible to work on your vehicle or banning it altogether on your own property in an HOA. Working on your own vehicle is a BIG deal for a lot of people. To many banning it or making it nearly impossible is an assault on people's right to repair their own property they own.

Where I live at a condo I used to live in the HOA fee is $520.00 paid every three months. The HOA for that condo pays: city garbage, city sewage, city water, the exterior of the condo, lawn care, snow removal, etc. The condo community I lived in had no amenities. The condo community I lived in is mainly retired senior citizens living on retirement, Medicare, Medicaid, Social Security. They probably have a roommate or family member to help with expenses. The condo I lived I was built in the 1980s. Not sure if the condo is up to today’s codes. U can’t rent the condo out that you own but u can leave the condo empty.

My GF lived in a HOA in Virginia and it snowed hard one time and I was stuck there for a week because the roads weren't prepared, powerlines fell everywhere, it was completely fucked. $200 a month.

Even if you follow all the rules there are idiots that won't and they will bother the hell out of the people that do!

HOAs seem terrifying, ill never do that, god willing

I have lived in an HOA for the past 7 years. For us and the area we live in it is absolutely worth it. I love the rules and structure though and knowing that everything will look like a resort at all times for years to come. It’s the safest option being gated with a 24/7 security team. Do I think everyone should live in one, absolutely not, but it definitely should remain an option for those who see the benefits and value such as myself.

Completely dislike those HOAs. A lot of them are ripoff considering the amount that you have to pay and what you get back. For a lot of developers it can be a lucrative business that they will have forever. The simple solution is to have restrictions written into property deeds. The city laws can also protect people in many ways.

i think the satisfied number is on the high side. I do feel some get value out of it like lawn maintenance, but think a majority are over burdening with Karens saying you need to pressure wash your driveway and having to go though them to approve a color to paint your house seems like living with my parents.

@ihave35cents95

4 ай бұрын

A lot of people love structure that’s why people that usually retire out of the military are lost when they get out

My HOA is pretty well run. I had workers on my street at 5:30 AM removing the snow from the sidewalk, my walkway all the way up to my door and shortly thereafter they cleared the street. It was great.

@dylanvanhoorne3191

4 ай бұрын

Your the problem

@blackworldtraveler3711

4 ай бұрын

@@dylanvanhoorne3191 If it isn’t broke don’t fix it.

@lucythecat12

4 ай бұрын

Read through hundreds of comments, you're the first comment in favor of the HOA. You MUST work for them.

The strickness of HOAs vary from community to community. I live in a Condo Association. In my neighbor community I was fixing my front car plate (because of excessive distractions in mine) and I had a enforcer on me quickly. In my community - nothing gets enforced which has it's good points but sometimes bad.

Bro, I used to live in one! What a nightmare! Always sending me letters, telling me to clean the roof, the mailbox, etc.... Fining me. Then one time I got behind, they sued me, and I had to pay thousands to settle it or they were going to foreclose on my home. 007

It pains me to say this because owning a home in Tampa Bay is unaffordable but my HOA is actually a very good one. $360.00 per quarter and they have never been unreasonable and their requests keep the development looking very good.

@ponygirl1624

4 ай бұрын

HOA here in Palm beach county Boynton Beach well west of turnpike $900 a month. 1200 sq foot apt. Sickening

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

@Michaelparker12

Күн бұрын

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

@nicolasbenson009

Күн бұрын

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

@BridgetMiller-

Күн бұрын

I’m intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?

@nicolasbenson009

Күн бұрын

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

@berniceburgos-

Күн бұрын

I am on her site doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. Thanks for sharing

HOA is usually a headache to deal with. You don't really own your home with a condo. You need their permission to make any changes to the home as well as ever increasing fees.

I've lived in an HOA for over 20 years and compared to most HOA nightmares that I've heard, I have actually been pretty fortunate with the HOA that I have when I hear the horror stories of many. Plus, my fees are low right now. But with that being said, I know that anything can eventually change and even though my HOA isn't the nightmare many have, I still would love to have my own land with a mobile home on it or something. Cause let's get real. Paying HOA fees, you never officially own the home and the land. It's kind of like property taxes, except with property taxes you pretty much can do more of what you want to do with the agreement that you made when you bought the property. But with an HOA, it's like living in a trailer park full of rules.

I wasn't happy to learn that my house had an HOA (the initial listing said no HOA). However, my HOA is cheap because we have no amenities but they keep our neighborhood looking nice. Yes, I've received warnings for my grass and Christmas lights, but I guess that means so does everyone else. We also get parties for Christmas and other events. My ex lives 10 minutes away with no HOA and his neighborhood looks like trash, like literally, people leave their trash and cars everywhere. I would not leave my neighborhood for his.

@WeekendsOutsideFL

4 ай бұрын

I’m not putting up with paying an HOA and being watched like that. I’d rather deal with trash here and there and freedom

@DIVISIONINCISION

4 ай бұрын

Freedom is better.

My current home in a large cul-de-sac of 36 SF homes. No HOA until this year. We all agreed to hire a security company and will all use the same landscape company. By all of the homeowners agreeing to this, we now get the security & landscaping at a much lower cost. It used to cost us around $7000/yr. for the landscaping , now we are paying 25% less. The only issue was getting everyone to agree who to use. We voted on it and this will be our first year doing this. The one benefit is that everyone will get their lawns cut on Thursday / Friday which now gives us all a weekend of pleasure instead of all the gas blowers going off at anytime. Plus with many children in my area, security is paramount for us all. We now have cameras and a full time person to keep an eye on peoples homes. -

@JNoMooreNumbers

4 ай бұрын

Karen?

@natebrigadier

4 ай бұрын

You may like your HOA now, but all it takes is one rule change and it could become a nightmare. Best of luck, took me about a year to find a home with no HOA

@robertmanley2687

4 ай бұрын

Lock and load

@MichaelBordenaro

4 ай бұрын

Yes, having the yardwork done within just two days will be great. Giving you and your neighbors the rest of the week to get some quiet enjoyment. That has to be the best part of this new arrangement even more than the savings lol.

@iraAlbucher

4 ай бұрын

Absolutely ! @@MichaelBordenaro

I live in an 3 story, 250 unit HOA and I have no problems with it. The key is to get into a well-funded and responsible HOA. I have double knee arthritis and they do all exterior work. When a new renter two years ago decided they were going to have parties at 3:00 a.m., we shut that down and they did not renew her lease. Our HOA works to make ends meet, not to make a profit. My HOA is 425 a month and that is after an 1800 one time assessment in 2023 to help meet new Florida funding requirements. Stay away from high rises, natural bodies of water, the beach, flood zones. Common sense. Our HOA has been excellent at people paying. Rent for a one-bedroom in Tampa is running 1700 a month. I bought my condo for 100k in 2020 and now runs for around $200 k.

I won't buy a home with a HOA...just ask and say no to the neighborhoods with HOAs.

In my community the monthly HOA fee is 80$. They are involved and strict enough that keep our neighborhood looking nicer than most in the 26 years living here. Frankly some folks are pigs that want to turn beautiful areas into slums so I'm somewhat happy paying my HOA.

@katydid2877

4 ай бұрын

Same. I’ve never had problems with an HOA and I’ve lived in 4. The single family communities had huge greenbelts, little playgrounds, and one had a pool. Not sure how that would get maintained without a fee.

@eddort6440

4 ай бұрын

80 dollars isn’t bad, I’m paying 500 a month and some apartments and condos in south Florida are looking at over 1000 dollars for an average 2/1 2/2 apartment

Condo associations seem to be exceptionally awful in Broward/ Miami-Dade. You might as well send in your checkbook since they spend your money as they deem necessary. No way! I was in a homeowners association in the downtown Miami area that was guarded and i was on an island. It was all single family homes. The association was long established with well connected residents. The fees were about $1080 not a month but a year. The city was still responsible for trash collection, road maintenance, street lights and had limited access. Obviously, this was an anomaly but i LOVED living there. No Karens and no hassles.

@DIVISIONINCISION

4 ай бұрын

Miami is now a slum, Brian. Glad you finally woke up. My friend has a rundown condo in West Palm Beach. They are going to renovate the Condo, and the residents are going to be paying for all of that.

@BrianBMS

4 ай бұрын

@@DIVISIONINCISION Well, I should have pointed out that this was in 2004 when it was a better time and place. But point taken. BTW: WPB was never and would never be on my radar for obvious reasons.

We just removed the entire board and management company. Power to the people.