ErinH1 (California)
Posts: 17
Posts: 17
Posted:
So, I see an underlying issue here with why members are constantly revolting over HOAs.
It's well know, and historically documented that several HOAs around the country are in fact money making expeditions for individuals who know how to manipulate the system and HOA set up.
It is no surprise that there are many bad HOAs out there. There are in fact MANY good ones too.
Where homeowners end up getting their knickers in a wad is when the trust is lost.
There is NO trust, so there is conflict.
HOAs that do not, or will not get or stay transparent. Do not produce records of expenses. Have very shady items of contention that do not add up to residents. Secret meetings. Play political games to keep the HOA producing what it is they need it to produce.
There are BAD people out there. Not all of you are bad. Many of you are wonderful people. The BAD ones mess it up for all of you.
We the homeowners paying into the HOAs (especially ones that have little to no benefit), are suspect to things much easier knowing that there are so many loopholes and ways to turn our dues into your individual profits.
I am sure the stories are thousands of crooked HOAs and the things that they do to keep monies for themselves, instead of putting it into the communities where it belongs.
So, there it is. TRUST.
No Transparency. No TRUST.
Thanks,
E
It's well know, and historically documented that several HOAs around the country are in fact money making expeditions for individuals who know how to manipulate the system and HOA set up.
It is no surprise that there are many bad HOAs out there. There are in fact MANY good ones too.
Where homeowners end up getting their knickers in a wad is when the trust is lost.
There is NO trust, so there is conflict.
HOAs that do not, or will not get or stay transparent. Do not produce records of expenses. Have very shady items of contention that do not add up to residents. Secret meetings. Play political games to keep the HOA producing what it is they need it to produce.
There are BAD people out there. Not all of you are bad. Many of you are wonderful people. The BAD ones mess it up for all of you.
We the homeowners paying into the HOAs (especially ones that have little to no benefit), are suspect to things much easier knowing that there are so many loopholes and ways to turn our dues into your individual profits.
I am sure the stories are thousands of crooked HOAs and the things that they do to keep monies for themselves, instead of putting it into the communities where it belongs.
So, there it is. TRUST.
No Transparency. No TRUST.
Thanks,
E