All good points but ultimately there is a reality you have to be willing to accept being that if you are making an investment in a piece of property that is deeded as part of an association of any kind you're stuck with whatever the association is not just now, but forever.
Obviously you can choose carefully not to buy into a bad situation but that doesn't mean that it will remain as such indefinitely. Does not take much to screw up a perfectly balanced and mutually beneficial situation for all interested parties. To many associations over time overstep their initial charter and instead turn into the 4th branch of the federal government, including the nanny rules and "taxes" or HOA fees that spiral out of control and are mismanaged.
Same can be said for neighbors, they can sell and move at any time. Will you get like replacements? Just never know.
|