RE: Woman Who Sheltered Pets During Hurricane Arrested On Multiple Charges
I don't care for HOAs myself,
They are appreciated when scenarios you’ve listed become a concern. As long as they’re not overly intrusive; they help keep things ‘pruned’.
Zoning laws are a win/win which is probably why they are so common.
Unfortunately, too often the laws are demographic markers with a political bent. In this season of political upheaval, I don’t want to go there. ;+)
If your home becomes so valuable due to wise city planning that you can no longer afford the taxes that is not a bad problem to have ;)
Gentrification comes to mind on this one…It is a dangerous two-edged sword. The people who can’t afford the taxes are forced out for pennies on the dollar. Those with the money tear down and rebuild properties for 100s of thousands more. Elephant mansions shroud row houses and bungalows. I call that pseudo-beautification,
Unfortunately, the danger lies in people (mostly young millennials) moving into drug-infested areas without the reality of the fringe.
The young woman jogger in DC is the latest example of such…out for a run on a ‘safe street’ ~8:30 one night only to be stabbed brutally by a dope-infused madman. She staggers into an eatery for help and dies at the horror of other millennials out for an evening meal.
I love the idea of rebuilding a community; especially near the metro areas; but, the problem is the eternal equity vs. equality. But, in the world of real estate, it’s really just business. I can respect that, totally. If you’re in over your head, you have to do what you have to do. Real estate is a business, nothing more.
Thanks for the tip and the Tipu!
Praise God, for your detailed posts…you earned it!
Peace.
I say sell it to the hipsters at top dollar and then buy a nice place in Modesto or get a reverse mortgage.
LOL...you've got it all planned out.. Real estate advice is never love a property so much that you're not ready to sell. Except for the rarest of properties, moving should be something people should consider doing at least once every ten years...jmho.
Btw, the reverse mortgage on one hand says you can't take it with you; but, on the other defeats the investment purpose of buying. Thumbs down on the rm ;+).
Peace.
If you are old and house rich and can't afford the taxes and don't want to move to Modesto for some reason its not a bad idea. Your kids can buy RVs and call them tiny homes.
Now this sounds like a MAJOR HOA violation...lol...Of course, I'm sure an RV might appear as a 'rich' man's asset.
The tiny home nestled in the distant back yard is a great idea for generating income in the BnB business.
Btw, this post no longer has any payout value; lol, so I'm "closing this thread".
Best regards.
Peace.