Snowdoggie said:ShawnG said:A house under $500k where I live needs to have a cat driven thorough it.
Realestate here is berked to put it mildly.
$500k in my neighborhood won't even get you a house on the lake. Texas used to be cheap.
$500k in my neighborhood would get you my house, my neighbors house, and probably leave you with enough cash to pick up a C8.
Toyman01 (Moderately Supportive Dude) said:Snowdoggie said:ShawnG said:A house under $500k where I live needs to have a cat driven thorough it.
Realestate here is berked to put it mildly.
$500k in my neighborhood won't even get you a house on the lake. Texas used to be cheap.
$500k in my neighborhood would get you my house, my neighbors house, and probably leave you with enough cash to pick up a C8.
But $750,000 will get you a boat dock, a swimming pool, a 5 car garage and about 6,000 square feet of house here in Dallas, or a two bedroom condo in California.
Why do you even need a swimming pool when your house is on the lake? They all got em.
$500K would buy all 4 of my last 4 houses COMBINED, and leave almost enough for the 5th one.
We also have realtors here knocking on doors begging you to sell your house. Calling you on the phone at work making cash offers.
And if you sell, rent here is stoopid expensive. It's not like you have any good choices.
$500k where I’m at buys you a nice house. $325k to $400k buys you a tear down, which may also be a nice house.
$500k where my parents live gets you a really nice house on the lake.
No HOA for either.
My buddy literally just texted me complaining about his hoA.
“It seems unpleasant. We sought one out. Seemed to be cleaner when we were searching. And I don’t hate it. But there are some loonies for sure”
SVreX (Forum Supporter) said:Here's what people miss. An HOA is NOT a legal entity nor system. It is NOT a set of laws, nor even a set of rules. An HOA is an agreement between people who choose to live in the same neighborhood. It's a promise. It is guided by a set of Covenant Restrictions to a deed. It's the deal I made with my neighbors when I bought the property. Like a marriage covenant.
Yes, you generally know there is an HOA when you buy. However, some of the HOAs *do* have legal recourse against your property.
The appeal of an HOA is going to vary on the neighborhood where you live. I've seen some idiots try to get zoning laws changed near their developments to make businesses match the approved colors of the development. That's the level of E36 M3 I can't tolerate.
Re: $500k- depending on the neighborhood, that'll get you anything from a tiny townhouse up to 25 acres and a 2500 square foot house within 20 miles of me.
I'd take the latter one.
$500K would buy a good portion of my side of the street. At least at pre-Pandemic prices. Maybe half the street now.
No HOA, but also minimal enforcement of township ordinances. But since I have a somewhat derelict Volvo in my backyard that is visible from the street when my minivan isn't there, I accept that my neighbors down the street from me have had a 3-door refrigerated case sitting on a trailer on the street for the past year (why they have it I have no idea...). And a giant motor home in their driveway that just fits without hanging over the sidewalk.
But a number of my neighbors are "car guys" so everything is a bit of a give and take. Like the guys next to me tuning one of their Chevy big-blocks at 8AM... I should be awake anyway.
Ok another HOA story. One Sunday I go to enter a gated HOA community and the gate guard gives me the 3rd degree. "How much work will you be doing outside?" "How much noise will you be making?" "You know contractors aren't allowed here on Sundays?" I reply "No problem call the customer and tell them that you're not letting me in." I love getting paid by the hour to deal with these people. Of course they don't want to deal with the yelling customer so they let me in. Other than my back up alarm I don't make any noise but while I'm working there's two different neighbors out in their driveways running table saws.
In reply to Stampie (FS) :
How much noise are you going to make?
15 units of sound.
In reply to Brett_Murphy (Forum Patrón) :
I didn't say HOAs don't have legal recourse. They ALL have legal recourse. The guidelines are attached to your property's deed. They can take you to court if you don't abide. But they generally won't. It's much easier and cheaper to just be a bitch and scare you into compliance.
I said they were not a legal entity nor system, and they are not a set of laws or rules. Their guidelines are not codified. They can't be enforced by law enforcement.
An HOA is an organization that ensures the agreement made between the homeowners, the covenant restrictions to the deed.
It's a contract between owners attached to the deed. Contracts are enforceable in court. But court is expensive, and it's easier to be neighborly. It's not hard to see in an older neighborhood which covenant restrictions are not being enforced, and the established precedent would almost always mean an inability to win in court.
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