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FBI raids apartment management company after anti-trust laws may have been breached
The search happened last week at their Buckhead office.
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I believe the authority of the HOA is a contractual agreement with the buyer when each sale is made. The first buyer agrees to the HOA and its rules, and also agrees to require the next buyer to agree when selling.
It seems to me that if the seller does NOT require the next buyer to agree to the HOA, the next buyer has no obligation. The HOA could go after the seller for breach of contract, but that is between those two, not the new owner.
Homeowners’ associations (HOAs) are the governing body of many common interest communities (CIC), such as subdivisions, who manage the common areas and interests of the community. When a person buys property in a CIC, there is a legal servitude on the property that binds the owner of the property to follow the covenants, conditions, and restrictions (CC&Rs) that govern all the property in the community. ...
... When you buy the property in a CIC, you cannot opt-out of the authority of the HOA. The CC&Rs determine how broad of authority HOAs have and the limitations on enacting fees. ... As such, it is very important that homeowners look at the CC&Rs for the property they potentially buy.
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I have always found deed restrictions to be intresting....owned some land once that had a "no hog farming" restriction....owned a home once that "required shake shingle roofs" that one got ignored after a house burnt and burning shakes blew like Frisbees thru the neighborhood setting other roofs on fireI believe they are done through Deed Restrictions and then contract law. But I hate lawyers so what do I know.
Typical of the incompetent political hacks in "news" outlets like MSN, this "article" doesn't tell us where he lives.‘We just can’t take this anymore’: Montana man, 68, begs for ‘moratorium on property taxes’ after his bill reaches $8K a year just ‘to live in our own house’
A senior from Montana has delivered a viral speech about the sorry state of property taxes in the Treasure State.
“I’m on Social Security, I’m 68-years-old and working just to pay my taxes,” says Kurt, in a clip shared on TikTok by Ryan Busse, who is running to be the next governor of Montana.
Kurt claims that over the last couple of years, his annual property taxes have soared from $895 to almost $8,000 — an increase of around 790% — which he says is like paying almost “$700 a month rent to the state to live in our own house.” The state has an Elderly Homeowner/Renter Tax Credit, and the maximum credit is $1,150.
“There needs to be a moratorium on what we have to pay,” he says, adding that he’s had to continue working into what should be his retirement golden years to cover his mounting property costs. “I’m stubborn enough [that] I don’t want to dig into my bank account to pay them.”
Kurt is one of thousands of Montana homeowners suffering sticker shock over recent property tax hikes. He says: “We just can’t take this anymore. This was a great place and it still is, but the people that made it great can’t afford to live here anymore.”
Here’s what’s going on in the Treasure State.
More:
Californication is burping out people like a college coed vomiting after her first keg party; and a lot of them are rushing right out here, demanding to buy property RIGHT! NOW! Paying far over asking to close the deal immediately.
A life lived, my friend. Lived...if not well, at least busily. I write about what I know. And lordy, I know more than I should.Made me smile with this. Need to do some more writing:
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FICTION (maybe)...Somewhere West of Laramie...
I thought I'd dig up some Christmas fiction I wrote about eight years ago. Unedited since that time...pre-Covid...enjoy, or not. Comments welcome. Also, banning and thread-pulling, acceptable. I'm pushing the limits, here, I get it.www.pmbug.com
You have a way with words![]()
Over $1000/mo in NY/NJ‘We just can’t take this anymore’: Montana man, 68, begs for ‘moratorium on property taxes’ after his bill reaches $8K a year just ‘to live in our own house’
A senior from Montana has delivered a viral speech about the sorry state of property taxes in the Treasure State.
“I’m on Social Security, I’m 68-years-old and working just to pay my taxes,” says Kurt, in a clip shared on TikTok by Ryan Busse, who is running to be the next governor of Montana.
Kurt claims that over the last couple of years, his annual property taxes have soared from $895 to almost $8,000 — an increase of around 790% — which he says is like paying almost “$700 a month rent to the state to live in our own house.” The state has an Elderly Homeowner/Renter Tax Credit, and the maximum credit is $1,150.
“There needs to be a moratorium on what we have to pay,” he says, adding that he’s had to continue working into what should be his retirement golden years to cover his mounting property costs. “I’m stubborn enough [that] I don’t want to dig into my bank account to pay them.”
Kurt is one of thousands of Montana homeowners suffering sticker shock over recent property tax hikes. He says: “We just can’t take this anymore. This was a great place and it still is, but the people that made it great can’t afford to live here anymore.”
Here’s what’s going on in the Treasure State.
More:
... Fitch Ratings has come out with an updated analysis of the US office market, and it doesn’t see the bottom just yet. Far from it.
“CRE office loan performance will continue to weaken as market pressures build,” it said about office loans backing the Commercial Mortgage-Backed Securities (CMBS) it rates.
It maintains its “’deteriorating’ outlook” on the office sector through 2024, ...
Yes, I get it - REITs.These corporations that buy homes Don't sell anything. So they aren't adding any costs to any buyers. I suppose you could say the people that would be paying the tax are there but they would be investors, not customers. And very little should change for industries as they are already subject to property taxes.