HOA’s Harm HOA’s: Buyer Beware COMMON phenomona in HOA’s Nationwide! All the following actually occurred in one large No. CA HOA over a period of 30+ years.
#1 Consumer/Owner Deception NO objective, balanced, analytical buyer info Falsified Financial Status = “Healthy” Amenity Neglect & Cover-Up Intentional Image Distortion = “Well-run”, “well-maintained” #2 “Set-Up” for Abuse-of-Power Power vested in minimally-qualified/trained Boards Lack “democratic” processes, e.g., transparency, responsiveness-to-owner-needs Small group of “VIP” owners control Assn. & manipulate politics #3 Disenfranchisement of Owners Majority of owners (60-70%) frustrated, apathetic Result - Don’t vote; uninvolved in governance; don’t participate in “Community Surveys” Exclusive “Cliques” use Bullying to push all others out Member survey(s) ignored by Board “Toxic Community Culture” Developed
HOA’s Harm HOA’s: Buyer Beware COMMON phenomona in HOA’s Nationwide! All the following actually occurred in one large No. CA HOA over a period of 30+ years.
#1 Consumer/Owner Deception NO objective, balanced, analytical buyer info Falsified Financial Status = “Healthy” Amenity Neglect & Cover-Up Intentional Image Distortion = “Well-run”, “well-maintained” #2 “Set-Up” for Abuse-of-Power Power vested in minimally-qualified/trained Boards Lack “democratic” processes, e.g., transparency, responsiveness-to-owner-needs Small group of “VIP” owners control Assn. & manipulate politics #3 Disenfranchisement of Owners Majority of owners (60-70%) frustrated, apathetic Result - Don’t vote; uninvolved in governance; don’t participate in “Community Surveys” Exclusive “Cliques” use Bullying to push all others out Member survey(s) ignored by Board “Toxic Community Culture” Developed