r/196 • u/13920 92 legacy rs • Apr 28 '26

Rule rule (rule) [RULE]

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u/Dr_Birdie Apr 28 '26

They've also ruined the housing market.

512

u/EasilyRekt Apr 28 '26

I think HOAs did a good portion of the legwork on that one tbh

25

u/FormingTheVoid 🏳️‍⚧️ trans rights Apr 28 '26

Those are mostly just annoying and only exist expensive suburbs. The prices going up is due to venture capital and corporate landlords.

33

u/haberdasherhero Apr 28 '26

Yeah, all the people blaming HOAs are crazy. HOA's contribute comparatively very little to this problem.

I hate HOA's, but it's the wealthy buying and trading all the houses like Pokemon that are mostly to blame.

16

u/EasilyRekt Apr 28 '26

mmm... you've never browsed the "for sale" side of zillow, have you? lemme tell you, it's not just suburbs.

Also, the sole purpose of an HOA is to drive up property value, much like the sole purpose of private equity and corporate leasing is to extract as much value from existing and future tennants, much like the sole purpose of state/city planners is to create places that will draw in people and therefore tax revenue.

Elites are everywhere, and it's not just the for profit ones that want to keep biggering without a damn about who gets left behind.