The infuriating thing about this that at least for rent you could basically change it overnight with the only impact being some rich people being slightly less rich.
The whole situation is a result of political choices. We could change it with political choices too, the land owning class just have too much sway to allow it.
The only thing I remember in my lifetime was being able to afford rent for a two room one bed apartment on a single person's income... it is the only thing I have nostalgia over... that was 20 years ago... that day and age is gone... how did it get so bad?! Why did Boomers have it so damn good?!
And now all the new neighborhoods have mandatory HOAs. So on top of already exorbitant mortgage rates and property taxes, you'd have to pay an admission fee and dues and fines to the neighborhood's karen club.
When you long for being able to be on top of the picking order but you’re not in high school anymore, your kid(s) are adults and have moved on, and your spouse doesn’t want to handle your bullshit anymore.
Because HOAs are required by law to be non-profit organizations, but the management companies they contract with to do the actual administration and legal work are not.
I don't have exact stats to prove anything. I saw a guy on reddit estimating that about 80% of new suburban housing developments have mandatory HOAs, but I don't remember seeing any actual sources for that.
Ugh... Boomers had things so damn good... I can still hardly believe that we Millenials have been vilified nonstop for complaining about how bad things were when we were young adults... and nothing has changed and nothing improved... same shit, same problems... passed down to Zoomers...
As an X I get it. I was one of the last lucky ones, buying a condo thanks to my dad being in real estate and seeing a deal, then climbing the property ladder ever since. The place I wanted to move to in '18 was too expensive (my old home town), so I moved an hour away from it, which now is $$$.
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Consider: Joining an HOA’s board :)
Because HOAs are required by law to be non-profit organizations, but the management companies they contract with to do the actual administration and legal work are not.
Where I live, though, it's more like 90%.