The HOA industry says 20% of properties are in HOAs...Greater Phoenix area shows it's approximately 70%. Some cities are over 90% 9 (see picture below). Owners are paying billions of dollars each year to HOAs...yet, the legislators don't want to license and substantially regulate the HOA management companies...53,458 sales times $400 estimate of transfer & disclosure fees equals $21,383,200.00...WOW! (and note, many times it goes to the management companies, not the HOA).
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