Quote:
Originally Posted by arock10
HOA generally reduces the value of a property since it's an additional cost
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Not at all in some places. Try selling a home for decent money in Boca Raton Florida without a HOA.
It does raise the bar somewhat for who can live there which often increases the value along with being better maintained on average.
If you have a HOA you won't find cars siting on blocks in driveways and unmowed lawns with grass 4 feet high and washing machines by the front door on the porch.
You can however find psycho old people who have nothing better to do than be a pain in the ass.