this post was submitted on 04 Dec 2023
143 points (97.4% liked)

Asklemmy

43831 readers
928 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago
MODERATORS
 

Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

you are viewing a single comment's thread
view the rest of the comments
[–] firecat@kbin.social 2 points 11 months ago (1 children)

No, you can buy a land or house and just pay the legal taxes you owe. You are better off buying land and then living inside your car/mobile home then random parking lot.

[–] squiblet@kbin.social 3 points 11 months ago (1 children)

I thought that was the issue… property taxes. That dodges HOA, which you could do with a house too, but as you say, not property taxes.

[–] firecat@kbin.social 4 points 11 months ago (1 children)

You do know HOA is a company and not a government entity right? These companies buy a lot of land and create different HOA policies. Buying land means you own the land, HOA cannot legally buy land that’s owned. There’s lots of newspapers reporting about it, sometimes being a joke.

[–] squiblet@kbin.social 2 points 11 months ago

I'm well aware of that, yes. However, HOAs usually insert a clause in the deed. People have tried fighting them and lost many times. Maybe some have won, idk. But personally I'd just buy land somewhere that doesn't have one.