When you finally by your own house
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HOA gonna pop that bubble real quick.
PSA to homebuyers: Even if the HOA has reasonable rules now and is run by your neighbors, don't expect that to continue when they get older and want to pass off management to a company who will make life a living hell.
Imagine buying a house with an HOA.
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Imagine buying a house with an HOA.
Imagine even knowing what an HOA is.
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The bank:
"Awe, that's cute!"
Mortgage is just rent with another name (I know it's not quite that simple, but it feels that way sometimes)
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much better PSA, don't buy a house that is in an HOA. HOA's are the devil, and they are a great example of why the adage that local control is best, is total bullshit.
Agree. Moral of the story is basically that every HOA has the potential to suck, so don't take the extremely substantial risk that it will in your lifetime. Just buy a different house.
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Imagine even knowing what an HOA is.
Youre luckier than you know.
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Imagine buying a house with an HOA.
Imagine buying a house.
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Imagine buying a house.
Thank god I was able to. Was sick of paying for someone else's investment.
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Mortgage is just rent with another name (I know it's not quite that simple, but it feels that way sometimes)
wrote last edited by [email protected]Nah. Pay off your house and its yours.
When do you pay off your rent? When you die.
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Congratulations! You will now work off that debt for the next 40 years! 🥳
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The new landlord still won't do the repairs!
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Thank god I was able to. Was sick of paying for someone else's investment.
Annoyingly house prices decided to surge right when I got a job that would have allowed me to afford one (pre-surge).
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Imagine buying a house with an HOA.
Unless I move out to the middle of nowhere, there's not many options for me that don't have an HOA of some kind. Wish I could avoid them, but unfortunately too ubiquitous in the states.
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and the HOA.
Is it a requirement in the US to join the HOA?
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Annoyingly house prices decided to surge right when I got a job that would have allowed me to afford one (pre-surge).
Yeah dude, same boat.
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The bank:
"Awe, that's cute!"
Squatters have entered the chat.
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and the HOA.
And my axe?
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Is it a requirement in the US to join the HOA?
In many neighborhoods; yes.
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Is it a requirement in the US to join the HOA?
If you buy a home in which an HOA is already established, then yes, it's required. And good luck finding a neighborhood where one isn't already established. If you get a small enough town or cheap enough neighborhood, maybe.
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Congratulations! You will now work off that debt for the next 40 years! 🥳
wrote last edited by [email protected]Better to work off that debt over 10-30 years (which is what mortgages usually run for, not 40) and then be able to sell the house and get your money back than paying rent for 10-30 years and have nothing.
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Better to work off that debt over 10-30 years (which is what mortgages usually run for, not 40) and then be able to sell the house and get your money back than paying rent for 10-30 years and have nothing.
True, also best to not pay off your mortgage. It is a line of credit if worth more than you owe. Once you pay it off that credit line is gone.
