▲ 136 ▼ In the USA, can you lose your home even after it is 100% paid off? (lemmy.ml) submitted 2 years ago by Confidant6198@lemmy.ml to c/asklemmy@lemmy.ml 110 comments fedilink hide all child comments Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?
[–] Confidant6198@lemmy.ml [S] 12 points 2 years ago (2 children) Why didn’t you choose to live in an area without HOA? permalink fedilink source parent hideshow 4 child comments replies: [–] basic_spud@kbin.social 4 points 2 years ago (1 child) This is getting more and more difficult, sadly. Almost all new housing development is done by corporate / bulk build, which are almost always governed by HOAs permalink fedilink source parent hideshow 2 child comments replies: [–] Neato@kbin.social 4 points 2 years ago (1 child) Yep. Something like 88% of new builds in the US are built from the start with HOAs. permalink fedilink source parent hideshow 2 child comments replies: [–] bluGill@kbin.social 1 point 2 years ago Once you live there though you can vote to disband the hoa. Read the bylaws carefully and consult with a lawyer to see what local and state laws are (remember too you can change those laws and make hoa provisions you don't like invalid). I only once lived under a hoa. I agreed because I had it in writing I could keep up to five cows on my property. (Not that o did, but it was allowed) permalink fedilink source parent [–] prettybunnys@sh.itjust.works 2 points 2 years ago Because they’re full of shit permalink fedilink source parent
[–] basic_spud@kbin.social 4 points 2 years ago (1 child) This is getting more and more difficult, sadly. Almost all new housing development is done by corporate / bulk build, which are almost always governed by HOAs permalink fedilink source parent hideshow 2 child comments replies: [–] Neato@kbin.social 4 points 2 years ago (1 child) Yep. Something like 88% of new builds in the US are built from the start with HOAs. permalink fedilink source parent hideshow 2 child comments replies: [–] bluGill@kbin.social 1 point 2 years ago Once you live there though you can vote to disband the hoa. Read the bylaws carefully and consult with a lawyer to see what local and state laws are (remember too you can change those laws and make hoa provisions you don't like invalid). I only once lived under a hoa. I agreed because I had it in writing I could keep up to five cows on my property. (Not that o did, but it was allowed) permalink fedilink source parent
[–] Neato@kbin.social 4 points 2 years ago (1 child) Yep. Something like 88% of new builds in the US are built from the start with HOAs. permalink fedilink source parent hideshow 2 child comments replies: [–] bluGill@kbin.social 1 point 2 years ago Once you live there though you can vote to disband the hoa. Read the bylaws carefully and consult with a lawyer to see what local and state laws are (remember too you can change those laws and make hoa provisions you don't like invalid). I only once lived under a hoa. I agreed because I had it in writing I could keep up to five cows on my property. (Not that o did, but it was allowed) permalink fedilink source parent
[–] bluGill@kbin.social 1 point 2 years ago Once you live there though you can vote to disband the hoa. Read the bylaws carefully and consult with a lawyer to see what local and state laws are (remember too you can change those laws and make hoa provisions you don't like invalid). I only once lived under a hoa. I agreed because I had it in writing I could keep up to five cows on my property. (Not that o did, but it was allowed) permalink fedilink source parent
[–] prettybunnys@sh.itjust.works 2 points 2 years ago Because they’re full of shit permalink fedilink source parent