Monday, June 02, 2008

The Wealth (or Erosion of) of Homeowners Association

The Wealth (or Erosion of) of Homeowners Association

June 2, 2008

We previously made the argument that analogous to how a wealth of nations is determined, one can use a similar approach to measure the wealth of an association – such wealth is over an above “book value” - such as the CZ Master Association, for example. Further, public safety and trust in local governance (as in direct popular elections), are the two key elements to consider when deriving the wealth of the CZ Master Association.

Of course the opposite is true as well. For example, in Escondido, you can buy a house in Royal View and get a second one free at Cityscape, as told to 10 News in San Diego by Dawn Berry of Michael Crews Development. “You know it's a straight-up legit deal; no prices have been increased, there are no hidden costs. (the company) is just giving away a free home for people who buy at Royal View,'’ said Berry.

The recent $20 million home sale in Coto de Caza not withstanding, how much might the Wealth of Coto be reduced when anyone can predict board of director’s election results months in advance? Or say, look at the OSCD data and conclude that no one is minding the crime and vandalism in the area?

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Flash Report: Direct Elections in Coto de Caza Under Advisement!
For the last six years, the CotoBuzz Journal has correctly forecasted the results of the CZ Master Association board of directors elections ? results of the 2008-2009 elections were no different. The CZ Master association still relies on an arcane form...

The Wealth of Associations (HOA) - Separation of Chumps and State - First, the CZ Master Association, by law, has one mandate: Repair, Replace and Maintain (RR&M) common areas. That is, there is a clear separation of Chumps and State: Responding to ad hominem missiles lobbed by defenders of the various CZ Master Association (CZMA) subsidies, former member of the CZMA board of directors, Joseph Morabito figures that he “.. is upset with me now because I keep hitting the subsidy issue and he apparently is active in the Sports League. At some point, the Board will have to deal with the subsidies going to non-members and even Members who are not paying their fair share of the extra expense they are causing the Association” and our response is encapsulated below:

The CotoBuzz Journal - June 2008 - Loopholes in CZ Master Association
loop·hole ---> -a means of escape; especially : an ambiguity or omission in the text through which the intent of a statute, contract, or obligation may be evaded- Merriam-Webster Online Dictionary. 2008.

Golf Longer Live Longer or Die Younger
It has been said that golf does not qualify as a sport. However, according to research coming in from the Karolinska Institute in Stockholm, golf could have greater health benefits than walking and even more strenuous forms of exercise, adding an average...

The CZ (Master Association) Lifestyle and the Volunteer Fallacy
The October 2007 CZ Master Association's Newsletter makes the argument that the CZ lifestyle is mostly due to efforts of volunteers and that it is ?very easy to overlook the tireless work and the thousands of hours donated? to benefit CZ residents.

Most Frequent HOA Complaints?: Dues Increases and CC&R Changes ? WSJ
So the number of people that lived in associations and complained about them is 69/75 = 92%. This is in stark contrast to Community Association Institute's (CAI) claim that 95% of the people living in associations love them

Desperate Homeowners ? From OCWeekly Perspective- Disgruntled rich folks wrangle over the question: ?When is a Coto de Caza resident not a Coto de Caza resident??
"?If the board members only used their heads and had no personal agendas to take care of first, they could see where they are going is wrong,? says the 72-year-old security consultant, who splits his time between working in Nevada and his daughter?s home...

No Decision-Making Outsourcing for Supervisor John Moorlach- On your face Association of Orange County Deputy Sheriffs! - Do As I Say Not as I Do! - Moorlach et al
Orange County supervisor John Moorlach has been described by local media columnists as the only politician solid enough to have accumulated sufficient political capital to take on the powerful Association of Orange County Deputy Sheriffs. A few weeks...

Mezger resigns from board ? an OCR Paraphrase
According to the September 28, 2007 issue of the CanyonLife, Jerry Mezger?s departure from the CZ Master Association board of directors is attributed to ??recent growth of his company and its increased demands on his time?.

The $1000 Fence for the $1 Horse - Or is it the other way around in your HOA?- $400 FENCE COSTS $83,000 IN HOA BATTLE
An example of what happens when volunteers do so for the wrong reasons??As reported by KING 5 News reporter Jane McCarthy on Wednesday, September 26, 2007 a battle over CC&R enforcement and decision making by volunteers created

Outsourcing Decision Making to Property Management Companies
Arguably, outsourcing can be a manager?s best friend, or worst enemy. It is fair to say that most people get paychecks prepared not by the employer, but by companies such as ADP. Of course, we also know about the call centers in India.

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