Posted By CotoBlogzz
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"If the industry has its way, one association won’t be enough. In fact, you may pay two or three associations, a master association and several sub-associations. Bear in mind, you are paying all these association fees on top of your regular bills and mortgage payments. This now looks like a Ponzi scam: Associations on top of associations all paid for by the homeowner at the bottom of the pyramid."
Deed-restricted properties went from the simple and supposedly uncomplicated “self-managed” organizations to master-umbrella associations with several sub-associations under them. The next move will be to remove all choice from buyers by grafting a new leg of mandatory management directly into their purchase contracts. That will consist of a like-it-or-not, take-it or leave-it management company thus eliminating all viable choice for consumers in their housing purchases. Just like communism, it continues in the form of legislation that inhibits democracy, civil liberties and individual freedoms. The loss of these freedoms is best viewed under the heading of “social transformation,” the legislator’s wand for keeping his job.
There is nothing innovative about the deed-restriction movement other than novel corruption in devising legal avenues of separating homeowners from their money and homes. This is the greatest legally sanctioned Ponzi scheme existing on the planet today. In the bigger strategy of things, penetrating homeowner association bank accounts is lucrative.