HOA's Are Ruining Affordable Neighborhood Homes
The complex world of Homeowners Associations (HOAs), describes them as both a necessary and problematic aspect of modern homeownership. The increasing prevalence of HOAs in the U.S., noting that they often serve to maintain property values but can also exert significant, unchecked power over residents, often with discriminatory undertones. The origins of HOAs, their role in maintaining property values, and the challenges homeowners face in dealing with overly strict or arbitrary rules in the most affordable neighborhoods.The legal difficulties in contesting HOA decisions, as courts and states generally adopt a hands-off approach. The broader implications of HOAs in terms of privatization and governance, suggest a need for more regulation and government oversight to address their unchecked power and potential for abuse.
How Texas HOAs Are Keeping Low-Income Renters Out
A state law will prohibit homeowners associations from discriminating against tenants using rental vouchers. The practice is more widespread than lawmakers realized.
Under the new law, homeowners associations in Texas will be prohibited from discriminating against tenants based on their source of income. Passed after public reaction to the Providence HOA's policy, the reform is a rare win for Texas tenants.
https://www.bloomberg.com/graphics/2023-hoa-texas-homes-dallas-renters/#:~:text=Under%20the%20new%20law%2C%20homeowners,rare%20win%20for%20Texas%20tenants.
America’s Next Housing Crisis Could Be Our Last… New Study Reveals Why!!!
New study suggests the housing crisis could trigger the end of Democracy? What happens when more and more Americans are left homeless in the face of a goliath housing market owned by large corporations?
Annual Foreign Investment in U.S. Existing-Home Sales Declined 9.6% to $53.3 Billion
Number of existing homes bought by international buyers declined to 84,600 – the fewest since 2009
https://www.nar.realtor/newsroom/annual-foreign-investment-in-u-s-existing-home-sales-declined-9-6-to-53-3-billion
How much US property is owned by foreign investors?
40 million acres
According to USDA's latest AFIDA report, which is based on 2021 data, over 40 million acres of U.S. agricultural land are owned by foreign investors and companies. This corresponds to 3.1% of all privately held agricultural land and 1.8% of all land in the United States.
https://www.fb.org/market-intel/foreign-investment-in-u-s-ag-land-the-latest-numbers
Rents spike as large corporate investors buy mobile home parks
https://www.pbs.org/newshour/economy/rents-spike-as-large-corporate-investors-buy-mobile-home-parks
