HOA’s Are RUINING OUR Neighborhoods!

 




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HOAs Are RUINING OUR Neighborhoods!


HOAs: A Neighborhood Menace?

 HOAs are ruining our neighborhoods. I've been telling you for the last few years that HOAs are a pain You get the volunteers who become presidents and board members and they wind up getting power trips it's just one more tax that you have to pay.

Anyway, this guy here, Michael Bordenero in Florida, goes through a whole 20, 30 minutes talking about all the negative aspects of things that you must be aware of when you buy into an HOA, or homeowner's association. I'm not a big fan of HOAs. They're not worth A lot of what they offer, it's like a balance, right?

Yes. They take care of the front. The landscapingThehe roads. but that comes to Buth the cost of having to do what they want. you have to keep garbage cans away. You can't park wherever you want, in Eagle Red, you can't park commercial vehicles on the street or in your driveway.

They have to be parked in the garage. There are so many different rules that you have to deal with. 


The Hidden Costs of HOAs

And on top of that, it's an added tax. And do you really get value out of that tax, once it goes up, It'll never come back down. That starts at 250 a month, and then it goes up to 500 and 750 the next thing.

You can't sell your house because your HOA is so expensive. Unless it's a well-managed HOA, you have to be very careful if you buy into an HOA, you have to talk to the neighbors and say, how has it run? What are the board members like?

What's the president like? Are they cool? Are they super strict? Are they completely busy bodies in your face all the time? 

Personal Experiences with HOAs

Cause my first house was in an HOA and I'll never buy into an HOA again. Because our president was in everybody's face all the time doing his job of enforcing the rules. 

Everybody hated it. So are they a good thing or are they a bad thing? Do they really destroy neighborhoods? The HOAs that are run well, they control things. They keep neighbors from painting their houses, pink and purple. I get that.

But sometimes you feel like it's just a little bit overboard. 

Advice for Potential HOA Buyers

So I just got off the phone with my sister, who is a realtor in Las Vegas. we're buying a We're for my parents over there because my parents are getting older and she keeps saying you should buy in this area. I said, as long as there's no HOA.

she argues the Shet, this is definitely an opinion, right? you don't have to listen to me about this. Just take it as seeds of advice and experience that buying into an HOA can be an issue. If you're compliant and you love following the rules, absolutely.

But if you're a person who doesn't like to follow the rules or has issues with people being in your face all the time, be careful if you're buying into an HOA. 

Cupertino House of the Week
Cupertino house of the week is Voss Avenue, 3 million for a five-bedroom four-bath built in 1968.

Not my listing. this is on the third side of Foothill Boulevard. up in the hillsUpMy guess is it looks like it was updated, but not recently. Almost looks like a duplex. There is just nothing fancy about this. Looks like a story.

Huh. This is two houses on one lot. Why is it in single-family homes? Anyway, That's your Cupertino house of the week. Real quick. I want to see how long it's been on the market. 34 days. You can add income to that if you want. 




Willow Glen House of the Week
Brighton Ave, Willow Glen house of the week.

Not my listing, 2. 6 million dollars, 3 bedroom, 2 bath, 1, 500 square feet, built in 1936. This looks familiar.

This is like a compound house. Oh, it's nice, pretty. Not a big fan of this backsplash.

That room's weird. It's very long and thin. It's almost like it was an addition or something, Maybe it was a sunroom or a porch or a patio at one time. Here you go. House that needs a little bit of love. 




Luxury Home of the Week
Luxury home of the week. Tuscaloosa Avenue. Not my listing. 55 million dollars. This is a market maker.

Nine bedrooms, 12 full baths, three half baths, 15, 000 square feet on 1. 42 acres. Let's take a look.

Wow. These are like pictures that you can get from Adobe from Look at That. You have your own little theater, a nice little pool house. Oh, that's fancy. That's nice. You're interested in looking. Give me a look. All right. 

Bay Area Sales Report
12 Bay Area, 12 county sales report. We're still at 18 billion versus San Mateo's 9 billion.

So twice the volume, but still second place in cost, average sales price, and cost. It takes 18 days for us to sell a house here versus 23 days in San Mateo, San Benito is 48 days. Nothing really great to do here. I'll send out a final end-of-year report next week.

Obviously, I'm not working tomorrow or Wednesday because of Christmas. Merry Christmas. Thanks for watching. Thanks for being with me all year long. I'm Vito with Abitano. We'll see you out there.



Vito Scarnecchia
Real Estate Broker, Veteran, Dad
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