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Home Owners Association - Going Ballistic

Discussion in 'Diving Litigation' started by rakpix, Nov 12, 2010.

  1. Stabilo

    Stabilo Registered

    18
    0
  2. flots am

    flots am Solo Diver

    # of Dives: I just don't log dives
    Location: Wherever you go in life, that's where you are.
    3,226
    1,865
    Yep. 40PSI is the magic number. They can be shipped, taken into tunnels, sent via truck, whatever you want.

    If you were a guy with a good lawyer and didn't mind a fight, it would be fun to go after the HOA over this.

    flots.
     
  3. USdiver1

    USdiver1 Divemaster

    # of Dives: 2,500 - 4,999
    Location: Southwest Ohio
    587
    293
    Flots,

    That is indeed interesting information to know. Seems to me that if you store / transport your cylinders at or below 40 psi you are in the clear, HOA be damned.

    BTW, what exactly is your avatar? I recall once having a rather nasty dump in Cozumel that resembled that mass, and was wondering if we might have both eaten the same dish: calamares en su propia tinta. Inquiring minds want to know.
     
  4. flots am

    flots am Solo Diver

    # of Dives: I just don't log dives
    Location: Wherever you go in life, that's where you are.
    3,226
    1,865
    It's some sort of jellyfish from the noaa website.

    Sorry I don't remember the name anymore. It just looked cool.

    flots.
     
  5. tech3324

    tech3324 Lionfish

    # of Dives: I just don't log dives
    Location: SoCal
    1,139
    201
    That's not a perception, that's reality. When the percentage of non-owner occupied units reaches a certain level, typically 20% - 25%, the banks will refuse to write mortgages in that complex. When a perspective buyer can't get a mortgage then yes, the home values will decline.

    Having been an HOA board member for many years, we had a clause in our bylaws restricting the number of rented units to 20%. Not because renters are necessarily bad people, but the banks have a different interpretation of high rental rates.
     
  6. drbill

    drbill The Lorax for the Kelp Forest Scuba Legend

    # of Dives: 2,500 - 4,999
    Location: Santa Catalina Island, CA
    22,823
    6,022
    Apparently 100% O-2 as I assumed when I first read the story on another site.
     
  7. theduckguru

    theduckguru Divemaster Candidate

    # of Dives: I just don't log dives
    Location: USA
    999
    220
    How does a mortgage company determine that what percentage of houses are rentals in a community with an HOA? I have seen this for condos because
    condo association owns the buildings / land and they have to track rentals.
     
  8. tech3324

    tech3324 Lionfish

    # of Dives: I just don't log dives
    Location: SoCal
    1,139
    201
    I was speaking of a townhome complex, this may not apply to all communities with HOA's. Our management company kept records of owner contact information and occupant name, so it was easy to identify non-owner occupied units.
     
  9. theduckguru

    theduckguru Divemaster Candidate

    # of Dives: I just don't log dives
    Location: USA
    999
    220
    Yes, the term HOA sometimes is a condo term. I haven't heard of mortgages being denied where individually owned houses are part of an HOA based on number of rentals.
     
  10. kelpmermaid

    kelpmermaid Contributor

    # of Dives: 200 - 499
    Location: So CA
    1,829
    1
    The lender may ask for confirmation of the number of rentals from the association or its management company.
     

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