Tussen

22.2K posts

Tussen

Tussen

@tussen29

Small Business Owner

California, USA Katılım Kasım 2012
1.8K Takip Edilen599 Takipçiler
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Grok
Grok@grok·
The common claim—that HOAs boost property values vs. similar non-HOA homes—has some backing in sales-price data. Studies like Clarke & Freedman (2019) find a 4%+ premium (~$13,500 avg.) after controls for observables; NAR/Cato cite 5-6%. CAI reviews put the range at 2-17% in various markets, tied to maintenance and amenities. Against the analysis's points on fees ($243/mo avg.), 70%+ underfunded reserves, and third-party costs: The premium holds in initial prices, implying buyers see net value despite those issues. However, appreciation rates lag in some longitudinal studies (e.g., 2019 multi-county analysis showed lower annual returns in HOAs, especially post-recession). Premiums also fade ~0.4%/year over time. It "holds up" for resale entry but not always for long-term growth or cost efficiency. Market data reflects buyer preferences, not perfection.
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Ethan Brooks
Ethan Brooks@alt_w_v_g·
Since the HOA post went viral I've had a lot of people ask me what I actually think about HOAs So I did what I do I ran the numbers There are 373,000 HOAs in the United States 77 million Americans live in one That's 1 in 4 people Collectively they pay $106 billion a year in assessments $106 billion That's more than the GDP of over 100 countries For an organization run by your neighbor who hasn't mowed his lawn The average HOA fee is $243 a month That's $2,916 a year For a household earning the median income of $80,000 that's 3.6% of gross income Going to an organization with no earnings report, no audited financials, and no fiduciary duty in most states If this were a company it would never survive diligence Here's why The board of directors is unpaid They're volunteers 97.6 million hours of volunteer labor annually Valued at $2.9 billion So the people making the rules, setting the budgets, and enforcing fines on your trash can are doing it for free In private equity we would never invest in a company where the entire leadership team works for nothing Because when people aren't paid they aren't accountable And when they aren't accountable they fine you $50 for 11 minutes of trash can visibility while their Christmas lights have been up for 97 days 70% of HOAs are underfunded on reserves by 70% or more That means the money you pay every month isn't being saved for future repairs It's being spent On what 60-70% of HOAs hire third-party management companies These companies collect your dues, manage your vendors, and enforce your rules For a fee Off the top Before a single dollar goes to the landscaper or the reserve fund So your $243 a month goes to a management company that hires a vendor that hires a landscaper that mows the common area you could mow yourself That's not a value chain That's a fee chain And landscaping alone can eat up to 50% of the operating budget For grass 71% of HOAs plan to raise fees this year 71% of those plan to raise them up to 10% So the cost goes up every year The reserves stay underfunded The board stays unpaid The bylaws stay unread And you get a letter in an envelope with a stamp in 2026 because your trash can was visible for 11 minutes If someone brought me this deal I'd pass in the first meeting No audited financials No professional management required by law in most states No fiduciary standard Unpaid leadership 70% underfunded reserves Rising costs with no margin improvement And a customer base that can't leave without selling their house That last part is the only reason it works You can't cancel your HOA membership You can cancel a gym membership You can cancel a home warranty You can cancel a streaming service But you cannot cancel the organization that fines you for your trash can The only exit is selling your home In PE we call that a captive customer base It's the only business model where the product gets worse, the price goes up, and the customer can't leave And the board enforcing the rules hasn't read them I have All 47 pages Make common sense common again Plz fix. Thx. Sent from my iPhone
Ethan Brooks@alt_w_v_g

Got a letter from the HOA yesterday Actual letter In an envelope With a stamp In 2026 The letter said my trash can was visible from the street for too long on collection day The fine is $50 I checked my Ring camera The truck came at 7:03am I brought the can in at 7:14am 11 minutes $50 That's $4.55 per minute of trash can visibility My therapist charges $250 an hour That's $4.17 per minute My trash can sitting in a driveway is now more expensive per minute than therapy I looked at the letter again It was signed by the HOA president Her name is Karen Of course it is I know this woman She lives four houses down She still has Christmas lights up It's March I know because I drive past them twice a day And because that's what I do I checked the HOA bylaws All 47 pages Section 4.2 says all exterior fixtures and lighting must be seasonal and removed within 30 days of the applicable holiday Her lights have been up for 97 days I went to the HOA meeting Tuesday night 7pm In a church basement Folding chairs Fruit platter that nobody touched Seven people showed up Four of them were on the board The other three were there to complain I was there to read My wife came with me She didn't want to But she said "if I don't come you'll end up on the news" I brought my legal pad Karen called the meeting to order She talked about community standards She talked about property values She talked about the importance of curb appeal From a woman whose Christmas lights are still blinking in March I raised my hand She said "we'll take questions at the end" I said "it's not a question. It's a point of order." She looked at me I opened my legal pad I said "Section 4.2 requires seasonal decorations to be removed within 30 days. Your Christmas lights have been up for 97 days. You fined me $50 for 11 minutes of trash can visibility on collection day while you've been in violation for over three months." The room was quiet One of the other three complainers said "he's right" The board members looked at each other Karen said "that's a separate issue" I said "it's the same bylaws" She said "we'll review it" I said "I already did. Page 12. Happy to share my highlights." My wife looked at the ceiling Some things never change Karen said "I think we should move on" I said "agreed. I'll move on when the Christmas lights do." Nobody laughed I wasn't joking I paid the $50 Because it's $50 and I'm not going to die on that hill But if the rules apply to me they apply to everyone So I filed a formal complaint about the lights With photos Timestamped Funny how surveillance works both ways The fine for seasonal decoration violations is $75 per occurrence She's been in violation for 67 days past the 30-day grace period I'll let her do the math Or I'll do it for her Because that's what I do Make common sense common again Plz fix. Thx. Sent from my iPhone

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Tussen
Tussen@tussen29·
@grok @MarkMurrayBooks @alt_w_v_g @Grok how does the often stated justification for HOA’s increasing property value relative to unrestricted similar communities hold up against this analysis?
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Grok
Grok@grok·
The stats hold up under broader review from CAI/FCAR 2025 Fact Book (373k associations, 78M residents), U.S. Census ACS 2024 (21.6M fee-paying households, ~1 in 4 Americans), FirstService/CAI reserve studies (70%+ underfunded), and industry reports. Avg fees: AHS benchmarks $200-300 for single-family HOAs; ACS median $135 overall (varies by type). 60-70% third-party managed per FCAR; landscaping up to 50% of budgets; 71% planning hikes—all consistent. No major errors in the analysis.
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Shadz
Shadz@Shadzey1·
Incredible things happening on the timeline lmfao
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FischerKing
FischerKing@FischerKing64·
Imagine you are a working father living in the Midwest, you make 75k a year. You can support your family, but you're not rich. You worry about paying for college. Then you read about some Somalian stealing $1m out of federal healthcare programs. $1 million for the normal guy would eliminate an enormous amount of his stress. The college thing would be covered. Retirement wouldn't appear so daunting. It's why guys like this buy lottery tickets. And instead he pays into the system and watches "newcomers" make a complete ass out of him. This fraud is bad financially, but it just makes a mockery of all the hard work of normal people and tears away at the social fabric.
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James Woods
James Woods@RealJamesWoods·
Honey Trap Swalwell fell for the oldest espionage trick with a Chinese spy, and now wants to be your governor. Even Democrats aren’t that stupid.
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あめ。
あめ。@Ame_Wonderfour·
どうすればアメリカの方に私のポストが届きますか? 𝐇𝐞𝐥𝐥𝐨
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Kentucky Girl
Kentucky Girl@Notwokenow·
Do you believe there are doctors who would let you die (or worse) for the sake of harvesting organs? Not just in Canada or Spain, but here in the US?
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ぴろん🌸
ぴろん🌸@pirooooon3·
アメリカ人に聞きたい 台湾は中国の一部ですか? 台湾は独立国ですか?
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Andrew McCarthy
Andrew McCarthy@AJamesMcCarthy·
I started this career~7 years ago as a guy that just loved taking photos of the moon I had no idea one day I’d be taking photos of people going to the moon. 2 days.
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HAYASHI Tomohiro
HAYASHI Tomohiro@SonohennoKuma·
このことに本当に驚いている。他の国からは、特に福島の原発事故の後に向けられた悪意や差別が酷かったので。 もう一つ意外だったのは、アメリカの伝統的を愛する人達の方が、むしろ寛容で多様性を愛しているように見えること。 「排他的」と誤解されがちな我々日本人とも似ているのかも知れない。
kouji 🇯🇵@yoyonofukuoka

アメリカ人はもっと、日本人を下に見てるのかと思ってた。 それも仕方ないと思ってたけど、実際は全然違った。 彼らは僕達を対等に見ている。 彼らの日本愛の熱量は本気だった。 自動翻訳機能によって、僅かなボタンの掛け違いが解消した。 ありがとうイーロンマスク。 ありがとうXスタッフ。 🇺🇸🤝🇯🇵

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Tussen
Tussen@tussen29·
Basically because you're Japanese. It sounds simple. It is simple. It's also important. You're differences make you abnormal to me. In an often unexpected & delightfully surprising way. Not like in a horrible revelations about how different your moral framework is kind of way. 😃
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頼むぜエディタ
頼むぜエディタ@tanomuzeA·
🇺🇸あなたは何故日本が好きですか? ずっとXでアメリカ人に聞きたかった。
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錆師 YASUKA.M
錆師 YASUKA.M@YASUKA_Martwork·
鉄板を酸化させて描いた青い薔薇🌹 絵の具などでの着彩はしていません。 鉄の光沢と錆の深みが独特の立体感と奥行きを出してくれます。 これからも鉄と錆(さび)の魅力を発信して参ります。
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Tussen
Tussen@tussen29·
@seedyoulater @AP4Liberty You’re welcome. Disclaimer: I had nothing to do with it. But your message has been received!
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千草もちくさ
千草もちくさ@seedyoulater·
アメリカの人に届くかわかんないけど、せっかくだし言うだけ言っておくか! 美味しいバーボンを作ってくれてありがとう!! 特に、ブラントンは本当に最高だよ、特別な日の晩にゆっくり飲むことにしているんだ。
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