Quote:
Originally Posted by John Mercier
HOA is not a government body, so it isn't taxation.
It is like buying ''non-voting'' shares in a corporation, or buying shares in a tightly held corporation where voting your shares would have little to no effect in most cases.
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Sort of. In all 3 of these situations you are placing your faith in others. In your two examples, you are (typically) betting a relatively small amount of money on others' SHARED desire to maximize profit for the company. Not terribly difficult to see how this should work out OK.
In the HOA, you are betting a large amount of money that those in charge will share your views on how the community that is vitally important to you will operate, and how resources of the community will be distributed. The last one seems like a sucker's bet.