Homeowners associations are still keeping Black Americans out - Business Insider

Rothwell said, "I think HOAs are popular because they work to create and preserve privilege by excluding others. This drives up the value of properties by limiting competition and disrupting markets. People don't necessarily seek out unfair privileges, but they are unlikely to voluntarily give them up without pressure from a stronger countervailing force.

Rothwell said, "HOAs are a problem because they allow for the collective action of a group of people with a shared interest in blocking market exchanges. Banning HOAs would be an infringement of freedom, but banning the policy levers they use to exclude people would not. It would make housing more efficient and more equitable."

While local laws can be passed to mandate HOAs to be more equitable, there is still little incentive to change. Instead, experts say younger homeowners must become active in serving on their HOA boards, voting to change potentially discriminatory rules, and banning problematic board members. HOAs are here to stay, but they can be divested from their racist roots, opening up wealth-building opportunities to Black Americans. The answer lies in current homeowners working to make their HOAs fair by attending meetings, voting on by-laws, or running for board member positions.

Vincent said, "HOAs do serve their purpose in most communities, but the rules need to be updated and be less restrictive so people don't shy away from them. Remember, HOAs are governed by homeowners. If one person is too strict or being unfair or biased, get involved and vote them out."

Lol that’s just not true.

Blocking your account, marxist propaganda is not what I wanted to follow in my feed.

You will have to prove that statement! Very dangerous just to throw allegations around freely and not back it up!!!!!!!!!

I refuse to live in an HOA neighborhood. I never knew this and now I'm happy I've never lived in one.

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