Many of the world’s largest investment firms have launched new funds over the past couple of years aimed at acquiring or building single-family homes to use as rentals. This comes as no surprise considering that the increased cost of buying a home has forced many Americans into being tenants instead of homeowners. Arrived, a young real estate company backed by Amazon.com Inc. founder Jeff Bezos, has just announced its entry into the single-family rental fund space. Arrived currently operates a f
HOAs should be banned too. They’re nominally constitutional under the first amendment but the restrictions they impose are not worth the price you pay in dues and they only serve to restrict the actual property owner from pursuing happiness. Everything the HOA could do is a function of local government, there’s no sane reason to pay both property taxes and HOA fees.
I don’t think they should be banned, but their power should be severely restricted.
My HOA is actually useful because they’ve banned short term rentals, put a cap on long term rentals, and cover the insurance. Granted, this is a place where walls are shared.
I also don’t see my local government ever taking care of these things under any realistic scenario.