I looked it up, and unfortunately, the houses subject to an HoA have a slight price premium. People are willing to pay more to live in an HOA neighborhood. Originally, the reason was to keep non-Caucasian people out with restrictive rules, but since that’s been ruled illegal, perhaps the perceived benefit is things like pools and tennis courts and keeping poor people out?
I looked it up, and unfortunately, the houses subject to an HoA have a slight price premium. People are willing to pay more to live in an HOA neighborhood. Originally, the reason was to keep non-Caucasian people out with restrictive rules, but since that’s been ruled illegal, perhaps the perceived benefit is things like pools and tennis courts and keeping poor people out?