Your HOA Fee Is Asinine!

I paid 240,000 for my condo
And paid 652 a month for my hoa

If he hates HOAs then why does he own property in HOAs?

Every HOA should be audited annually. If one hundred percent of HOAs were to be investigated, it would result in one hundred percent fraud convictions.

Fast forward to 2025, condo HOA fees charging these rates are the new normal.

I hate HOA's.

Dave for HOA President, FTW!

Welcome to HOAs in Texas! My monthly fee is $495 on a condo assessed at $129,000 (I purchased it 30 years ago for $31k). The fee covers grounds maintenance (twice a week), garbage pickup, sewer, water, pool, bbq area, theoretical security (I can count on one hand how many times I've city an officer walk our parking lot, and no other security is provided). Our most recent increase was due to a hefty insurance rise - four units were destroyed by fire (tenant smoking outside on a windy day), and the insurance went from around $8000/annually to $29,000/annually in one year. But HOA fees everywhere in Texas are high.

Common area insurance premiums??

This is why Florida is introducing a bill in the next session to ban HOA’s in the state! Gee I wonder how the corrupt politicians in Tallahassee will vote when they fananciers and their payoffs are threatened?

$650? Not the highest I heard of, like Disney’s Golden Oaks 2-5 thousand a month, but HOA’s tend to file extremely frivolous lawsuits and when the lose, they raise monthly rates and impose excessive assessments on the remaining members. Florida HOA’s specifically looking at you!

An extra level of gov that limits your freedom...

What the heck did she say to her father?
“You should be a real housewife” OMG
Because of the location of his condo? There is something in her cup. lol.
Anywho….Thank you David about the HOA advise.

More than a few managers of HOA have been convicted of embezzlement and blatant theft in the millions of dollars. In fact, the least amount stolen by someone that I’ve heard of recently was almost $800,000 before she was caught. She had little to none of the money left however, having spent it on vacations, a home, cars, money to family, clothes, etc.. The money is gone and the homeowners aren’t ever getting it back. People live such busy lives that they don’t pay attention until the fees are completely out of control and they are forced to take an interest. Usually by that time it’s too late to prevent serious theft from occurring. You should read everything you receive from your HOA, attend every meeting and if that’s not possible at least obtain copies of the minutes to read at a later time. You should look over the financial records each month or at least quarterly and make sure everything is crystal clear to you as to where the money is going, and for what. Question anything you do not understand, the sooner the better. Read the bylaws very carefully, especially everything in small print. It is amazing the rights that are taken away from homeowners that they aren’t even aware of. Some HOAs refuse any outside audits, or to open the books to homeowners or to even comply with homeowner rights of any kind. There was a news report recently regarding a woman who was arrested at her place of employment for not showing up for an HOA court hearing over her failure to remedy a dirty mailbox and small yellowing patch of grass beneath it by the HOA’s deadline. This poor woman was afforded no rights at all and was placed in jail “without Bond” for ”seven (7) days”. As outrageously absurd and insane as this sounds, it’s true nonetheless. Many HOAs have an obscene level of power over the homeowners. They can turn your utilities off when it has nothing to do with your bill, deny you access to amenities and/or evict you from your own home when your mortgage has nothing to do with them. They can literally steal your home out from under you if you fail to pay the dues or the fines they assess for declared infractions. Just be aware that these HOA can and do possess an incredible amount of power, which you should not take lightly. Homeowners in a number of states have pushed for significant changes to be made in the laws governing HOAs, but like in Florida, good luck getting your state representatives to actually represent you, the homeowners, versus the lobbyist for the HOAs contributing to their reelection campaigns. Often times the bills written to protect homeowners die before they can even get to the point of voting because those responsible for presenting bills for votes never seem to get them out of committee and forwarded for an actual vote. Hopefully, Floridians will be smarter this time around and more successful next year in reining in the power and control of HOAs. Corruption is rampant in our country, to state it mildly. We can no longer simply sit back and hope we won’t be a victim of it when the truth is we already are, all of us, and we have been for so sometime, but we must be proactive and fo our best to fight back against it.

Imagine paying these HOA fee's, then on top of that they get the right to tell you how you live in your condo/house? I looked at an HOA where you had to keep your garages doors down at all times and no one was allowed to park in the driveway over night.

Dave for president 😂

She needs to go to meetings. She needs to see their documents.

HOAs in TX are nuts. Its hard to find a new home here thats not in an HOA

In California thats normal for a Month with no garage or gym or golf courses.

6:02. Dave addressed the obvious question to his daughter. 😂🍺🥃🍺🥃

I'll be dead and cold before I ever pay for an HOA fee on my house.

Tax on everything is asinine nothing else asinine than that when comes to your money

LISTEN VERY CAREFULLY: make sure your insurance has special assessment coverage. We just had a hail storm. Each condo owner has to pay $10,000. The deductible is $1,000. The new roof is $5,500,000. Scam or no scam, you have to pay it, or they will put a lien on your property.

Also, it’s not only condos but even new housing divisions they’re all being built with HOA so you have no choice. States need to be passing some strict laws and restrictions on them in most cases. They’re out of control.

A lot of weight choice lately got rid of the board and sold off to management companies that manage HO8 for a profit so they just increase HOA fees just to increase their profits have a friend that owns a condo and that’s what happened

Frankly $1 is asinine for ANY hoa.

I am in New Jersey the co-op I have an accepted offer on a coop and the HOA is $588 per month.

I've been looking to relocate and retire. I would love to live in a condo in a downtown building but HOA's have priced me out. I have looked in most cities, $650 a month is the high-end of new HOA normal for a condo. I could sell my paid off home and pay, in full, the mortgage for a nice condo but then find myself homeless if the HOA jacks up fees or I get hit with a special assessment. This should be criminal.

They're probably paying the wind/hail deductible and insurance policy premium increases after the roofs get trashed by hail every other year. Lol

I am in the same position with my condo in ATL

Gosh she's annoying. I'm unsubscribing cause of her. She needs to learn to shut her mouth and let the other person talk.

HOAs are just a corrupt business system. They really Don't do anything for the Community. Now a days HOAs Devalue Homes and Property. Not Increase them anymore like they used to way back in the day.

If i ended up in a HOA community, i would for sure be in jail within a week. Why in the hell do the government allow these kind of entities to exist in the first place is beyond me.

Sadly $650 isn’t that high anymore

Is that $650 a month or year?

HOA fees have almost doubled in the past 2 years. Sorry to say Dave but this is what it is. It’s not strange. Unexpected insurance premiums for the exterior, and landscaping prices have doubled.

Love seeing them be daughter and father

One of the reasons why some people are surprised by their HOA fees is that they do not stay up to date with what is going on in their community. Everyone is suppose to vote. For those renting an apartment you are also paying HOA fees...it is called increase in rent. Due to the fact apt renters do not own their apt increase fees happen to pay for building insurance, taxes, mainteance, landscape, swimming pools, community center, etc. For legal purposes it is about the wording. If you do not want to pay HOA fees, increase in rent then move off grid and do as you please.