Provide a pathway for single family, detached homes to exit HOAs and Colorado Common Interest Ownership Act

I believe Common-Walled, Common-Roof and Shared driveway and shared garages, as in Condominiums, Townhomes and Apartments Conversions need HOA structures and Community rules; however, single family detached homes do not need this restrictions.

HOAs protect the value of your single family homes is NOT a veritable or proven statement, as much as the Real Estate and Community Property Management industries would like you to believe. In the 45 years of purchasing residential real estate as primary residences and investment properties, the rule for success has been “Location, Location and Location” and Bill Clinton’s famous “It is the economy stupid”. Never has the investment theory been “HOA and Deed Restriction” times three! If you need confirmation, compare the Denver areas (four towns) between the boundaries of Hampden Ave on the South, Yosemite Street on the East, 60th Ave on the North and Kipling Street on the West, mostly all single family, detached neighborhoods, mostly ALL homes increasing in value as well or not better than HOA communities. The same could be said of the Boulder area (Table Mesa, Highway 36, Valmont and 9th Ave). A recent trend in real estate sales is to point out the property is NOT in an HOA.

The Colorado Legislature needs to cut the baby (CCOIA) in half and provide detached homes the right to self determination and exit HOA chains and a path Free and Clear Title. Once an HOA is annexed into a town or city, or five years after the Declarant has relinquished control to the homeowner, 66 and 2/3 percent of the homeowners must vote to OPT IN to the HOA for another five years. This cycle should continue very five years. Give the 1,000,000 or more voters the right to spend their family budget as they best see fit. It is my opinion, homeowners are a major economic driver in local communities and these homeowners’ interest need to be considered going forward.

To include new communities under CCOIA, the developers propose and transfer preposterous common ownership of monuments, playgrounds equipment lots and roundabouts deed titles to the HOA Inc. these titles could be transferred to a Planned Unit Development preservation district established under an LLC with shareholders matching the number of units in the former HOA Association or Sub Associations.

My opinion is based on multiple adverse experiences involving community management companies (CMC); Unjust Enrichment by the CMC after increasing the $79 monthly assessment to $158 in order to facilitate its buy into a local real estate company; $750,000+ bookkeeping embezzlement; placing $500,000 of Reserve Funds in the market place, in contravention of Colorado laws; failing to consistently enforce CRR resulting in homeowner law suits.

As long as the CMC increases the monthly assessments, taking part of those fees and play consultants to influence the next legislators to place the HOA entity and CMC above the interest of the individual homeowners , the madness will continue.