The typical homeowners or condominium association puts either a profit-motivated Developer or your neighboring property owners (people you may barely know, and who often lack relevant qualifications) in charge of governing your home, your lifestyle choices, AND your money.
Today, four out of five real estate sales are in condominium or Homeowners Association communities–a $90 billion a year industry representing five times the amount the federal government spends to run NASA. An estimated 70 million Americans are living under the rule of an association.
Association-governed real estate ownership (which includes condominiums, cooperatives and single family homes within a Homeowners Association) comes with considerable risks of which few are aware when they sign on the dotted line. Click here to read more