The road to hell is paved with good intentions
I can tell you with little doubt that working class communities are hurting for funds and everyone in the community is affected.
A number of owners are abusing the system, hiding behind the new laws and not fulfilling their responsibilities to their respective communities. This new wave of legislation is protection a few owners/renters but empowering multiple owners/renters to game the system and hurt everyone else.
I am personally disheartened to the point that I am no longer willing to be an owner/manager of rental units. Responsible owners are vilified. HOAs are vilified. I am having a hard time understanding how this is helpful to the majority of stakeholders.
The HOA unfriendly initiatives are causing considerable damage and weakening communities. By the time this will be realized and perhaps acknowledged by the politician class the damage will already have been done and will be irreversible. The people with financial alternatives will find ways to protect themselves. The ones mostly blames will be the very same people these new laws are designed to protect.
I am hopeful that logic will prevail, but I am not holding my breath.
Thank you for visiting the community engagement tool for the HOA Homeowners’ Rights Task Force.
Pursuant to HB23-1105, this project has now concluded. On behalf of the Department of Regulatory Agencies and the Division of Real Estate, thank you for your interest and participation.