On Mon, 14 May 2007 15:43:59 -0700, "Kelly Johnson"
>Because in many metropolitan areas (esp. in California) it is nearly
>impossible (if not impossible) to find a home built in the last 20
>years that is NOT covered by a CC&R or HOA.
------------ REPLY FOLLOWS ------------
So true, and as long as the housing market is nuts like it is, this
will no doubt continue to be the case.
HOAs and CC&Rs exist for one reason: To maintain property value. As
long as people see their house as a major investment and source of
profit, HOAs and CC&Rs will continue to exist.
Those of us who are old enough to remember when a house was just a
place to live and not an investment will remember that nobody much
cared what you did on your own property. Now that a house is a major
investment, everyone wants to do everything possible to maintain its
value as high as possible. Who wouldn't?
And therein lies the rub.
TowerTalk mailing list