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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