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killing Trayvon - Page 120

post #1786 of 6250
I don't know where you read that part, but maybe my eyes are failing me. However, since the paper was written in 2005, I am not sure that it has much to do with the present time. I specifically said that I imagined that volatility would be higher in both directions.
post #1787 of 6250
I realize this is tangential, but in our market HOA fees have a very direct impact on property value, since they are neither deductible nor payable through a loan, adding a lot to the effective cost of the property. In many of the higher end buildings HOA fees are north of 1K, but in many developments and buildings they're $600 and up. At the top of the market these costs are inconsequential, but in the mid market they create a heavy drag on the price properties will fetch. We were just as cost conscious about these fees as we were on the price of our condo, if not more so.
post #1788 of 6250
Quote:
Originally Posted by Piobaire View Post

http://www.cato.org/pubs/regulation/regv28n3/v28n3-2.pdf
Conclusion? HOA is worth 5% more.
I think this fails to capture isolated instances though. IMO, the real power comes in preventing the neighborhood "problem" family. The one that lets their house get run down, doesn't take care of the yard, has a ratty old couch on the porch, etc. This house will not impact the entire neighborhood in a material way but it sure as hell is going to materially impact the adjacent homes.

I once let my old couch sit in front of my garage for months. It was basically just off the side walk. Some times I'd even go sit on it. I figured someone would take it as a freebie. Someone did, but not for close to a year. No one said a word to me about it. My current neighbor (I moved three houses down the block) who has lived in the town his whole life and whose parents owned my house years ago tries to give me a ration of shit about my lawn. I say "tries" b/c he is old and had a stroke and I can't really understand what he's saying. He's a pretty nice guy but he likes to walk out to his from porch, spend 5 min looking at it, shake his head and walk away.

I might put up a sign that says "I'm conserving resources by not mowing or watering my lawn."

There is no HOA.
post #1789 of 6250
Quote:
Originally Posted by NorCal View Post

Quote:
Originally Posted by Piobaire View Post

http://www.cato.org/pubs/regulation/regv28n3/v28n3-2.pdf
Conclusion? HOA is worth 5% more.
I think this fails to capture isolated instances though. IMO, the real power comes in preventing the neighborhood "problem" family. The one that lets their house get run down, doesn't take care of the yard, has a ratty old couch on the porch, etc. This house will not impact the entire neighborhood in a material way but it sure as hell is going to materially impact the adjacent homes.

I once let my old couch sit in front of my garage for months. It was basically just off the side walk. Some times I'd even go sit on it. I figured someone would take it as a freebie. Someone did, but not for close to a year. No one said a word to me about it. My current neighbor (I moved three houses down the block) who has lived in the town his whole life and whose parents owned my house years ago tries to give me a ration of shit about my lawn. I say "tries" b/c he is old and had a stroke and I can't really understand what he's saying. He's a pretty nice guy but he likes to walk out to his from porch, spend 5 min looking at it, shake his head and walk away.

I might put up a sign that says "I'm conserving resources by not mowing or watering my lawn."

There is no HOA.

Cool story, bro.
post #1790 of 6250
Quote:
Originally Posted by Piobaire View Post

Cool story, bro.

I have a dog that barks and kids too! It's a living hell I tell you, a wasteland of fallen property values!
post #1791 of 6250
Quote:
Originally Posted by imatlas View Post

I realize this is tangential, but in our market HOA fees have a very direct impact on property value, since they are neither deductible nor payable through a loan, adding a lot to the effective cost of the property. In many of the higher end buildings HOA fees are north of 1K, but in many developments and buildings they're $600 and up. At the top of the market these costs are inconsequential, but in the mid market they create a heavy drag on the price properties will fetch. We were just as cost conscious about these fees as we were on the price of our condo, if not more so.

Wait so people in fucking houses pay some sort of condo fees so an HOA can annoy them with prescribed colours and stuff? What do they do with the money, throw really good house parties with bowls of cocaine?
post #1792 of 6250
Quote:
Originally Posted by Fuuma View Post


Wait so people in fucking houses pay some sort of condo fees so an HOA can annoy them with prescribed colours and stuff? What do they do with the money, throw really good house parties with bowls of cocaine?

Private roads (non-dedicated that is, a "dedicated road" means the developer has ceded the road to the municipality) have to be kept up. Common areas, such as parks, gyms, clubhouses, etc. need to be kept up.
post #1793 of 6250
Most of the dues seem to go to someone's brother-in-law who cuts the grass.

Also, if I'm not mistaken, developers can shift the cost of the development to the HOAs. So you pay for the lot up front, then over the next x years you get to pay for the cost of building the whole subdivision. The buyer gets screwed (by the tax treatment among other things) and the developer makes bank.
post #1794 of 6250
Quote:
Originally Posted by Ataturk View Post

Most of the dues seem to go to someone's brother-in-law who cuts the grass.

Also, if I'm not mistaken, developers can shift the cost of the development to the HOAs. So you pay for the lot up front, then over the next x years you get to pay for the cost of building the whole subdivision. The buyer gets screwed (by the tax treatment among other things) and the developer makes bank.

You also put the developer's kids through Ivy League schools, pad the retirement account of the HOA board chair, and I hear often help fund terrorism.
post #1795 of 6250
Quote:
Originally Posted by Piobaire View Post

Quote:
Originally Posted by Ataturk View Post

Most of the dues seem to go to someone's brother-in-law who cuts the grass.

Also, if I'm not mistaken, developers can shift the cost of the development to the HOAs. So you pay for the lot up front, then over the next x years you get to pay for the cost of building the whole subdivision. The buyer gets screwed (by the tax treatment among other things) and the developer makes bank.

You also put the developer's kids through Ivy League schools, pad the retirement account of the HOA board chair, and I hear often help fund terrorism.

this sounds more and more like a fucking union plain.gif
post #1796 of 6250
Quote:
Originally Posted by Fuuma View Post


Wait so people in fucking houses pay some sort of condo fees so an HOA can annoy them with prescribed colours and stuff? What do they do with the money, throw really good house parties with bowls of cocaine?

It's more like a condo association fee. Covers cost of maintenance, insurance, shared utilities, any amenities like a pool or a gym. Larger buildings have really high insurance rates, which drives up the fee.
post #1797 of 6250
You guys gotta stop beating up on Piob and his HOA. I'm glad he found a place he could live in comfortably. And remember that he pays local taxes in addition to those HOA fees. So he's subsidizing us getting our roads plowed in winter and our public parks kept open. He's not getting his roads cleared on our dime so he's actually quite selfless and generous. Thank you Piob, for paying twice in property taxes/fees than the rest of us. I salute you.
post #1798 of 6250
Quote:
Originally Posted by Piobaire View Post

All this talk has made me really tear apart the financials of my HOA...I can't wait to get moved in and pay my first quarter in dues. Think I'm going to get on the board and Mrs. Piob is talking about getting on the architectural review given her area of knowledge.

Seriously dude, how boring is your life that you're "excited" to pay dues, voluntarily went through a contract and want to join an HOA board? confused.gif

ETA: Side note: if you're that interested in writing a check, I'll PM you my address. It will go to maintiaing your property values too as I will promise not to move in your 'hood.
post #1799 of 6250
Quote:
Originally Posted by edinatlanta View Post

Quote:
Originally Posted by Piobaire View Post

All this talk has made me really tear apart the financials of my HOA...I can't wait to get moved in and pay my first quarter in dues. Think I'm going to get on the board and Mrs. Piob is talking about getting on the architectural review given her area of knowledge.

Seriously dude, how boring is your life that you're "excited" to pay dues, voluntarily went through a contract and want to join an HOA board? confused.gif

ETA: Side note: if you're that interested in writing a check, I'll PM you my address. It will go to maintiaing your property values too as I will promise not to move in your 'hood.

Mr. Ed-itorial, not sure why you have "excited" as I did not use that word. confused.gif I also might have been tweaking the h8ers a bit.

As to voluntarily going through a contract...you don't read them before you sign? For realz, that's stupid. Not only did I go through the HOA CC&Rs, consult an attorney friend that also lives under the same HOA, but I gave the financials an initial look to satisfy myself they had a proper reserve study done and were funding the depreciation. I went over them again just to make sure all this hot air was for naught...and it was. As to why join the board...well, has not everyone spent much bandwidth telling me how HOA boards screw the homeowners? So which would you rather be, the pitcher or the catcher?

As to my boring life...Ed, in all reality, I've spent great efforts to make my life boring. It's much underrated, IMO, and is also my goal at work.
post #1800 of 6250
Quote:
Originally Posted by Piobaire View Post

Mr. Ed-itorial, not sure why you have "excited" as I did not use that word. confused.gif I also might have been tweaking the h8ers a bit.
As to voluntarily going through a contract...you don't read them before you sign? For realz, that's stupid. Not only did I go through the HOA CC&Rs, consult an attorney friend that also lives under the same HOA, but I gave the financials an initial look to satisfy myself they had a proper reserve study done and were funding the depreciation. I went over them again just to make sure all this hot air was for naught...and it was. As to why join the board...well, has not everyone spent much bandwidth telling me how HOA boards screw the homeowners? So which would you rather be, the pitcher or the catcher?
As to my boring life...Ed, in all reality, I've spent great efforts to make my life boring. It's much underrated, IMO, and is also my goal at work.

I saw "excited" somewhere. Either way, you are at least deriving some pleasure out of paying dues. To what degree doesn't really matter, its the act itself.

There's a difference between reviewing a contract and.... going through it voluntarily or had a renewed, somewhat entertaining review ... which was implied in your post.

As to the pitcher or catcher, I'd rather not be in the game.

I'm easily the most straight-edged boring person here. Not lame, though.
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