I’m not a fan of HOAs (home owner associations), as I dislike meddling in my business, especially when it comes to decorating decisions. However, this HOA has excited my favor:<\/p>\n
Using the same legal authority that allows homeowners associations to punish people who fail to cut their grass, the Potters Glen board erected a hurdle for investors: a new rule required any new home buyer to wait two years before renting it out.<\/p>\n
Since the board adopted the rule in 2019, property records show the pace of investor purchases has dropped by more than half.<\/p><\/blockquote>\n
Long time readers may remember this post<\/a> concerning Erick Erickson’s misunderstanding of how private companies work. I wonder how he’ll feel about the HOAs taking defensive actions.<\/p>\n
It’s all sort of … Soviet, I suspect he’ll feel.<\/p>\n","protected":false},"excerpt":{"rendered":"
I’m not a fan of HOAs (home owner associations), as I dislike meddling in my business, especially when it comes to decorating decisions. However, this HOA has excited my favor: Using the same legal authority that allows homeowners associations to punish people who fail to cut their grass, the Potters \u2026 Continue reading