Tonic or Toxic: Reimagining Homeowner Associations

Dan-SloneA little over eight years ago I hosted a seminar on Homeowner Associations (HOAs) with my friend and collaborator Doris Goldstein. One of our speakers, David Wolfe, offered a unique perspective on HOAs. David, who had successfully managed hundreds of HOAs without litigation, argued that HOAs retain the personality that they are “born” with. Consequently, if their developer “parent” makes them so that they have little real information on what things cost, they will be unrealistic when it comes time for them to take over costs. If all of the developer’s conversations with the HOA are about maintaining the sales value of the community, then that is the only value the community will track. If the HOA has no responsibility for decisions about their community, then it will be irresponsible.

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