ARTIST: Dire Straits
TITLE: Money for Nothing
I want my, I want my MTV
I want my, I want my MTV
Now look at them yo-yo’s, that’s the way you do it
You play the guitar on that MTV
That ain’t workin’, that’s the way you do it
Money for nothin’ and your chicks for free
Now that ain’t workin’, that’s the way you do it
Many people have horror stories about dealing with their local homeowners association (HOA). Hopefully, some of these people will regale us with their stories in the comments to this post.
Most of Irvine is homogeneous: this was intentional. Homeowners associations are formed to maintain facilities in common ownership, and to maintain property values in an area through the enforcement of covenants, conditions & restrictions (CCRs). It has been shown, painfully, that individuals acting without governance will allow their properties to deteriorate, appropriate public spaces, and express their individuality in ways which harms neighborhood values (anybody remember this clip from Cheech and Chong’s Next Movie?). In this post, I want to show what can happen — even in Irvine — when the HOA is weak, or does not exist at all.
The property above is located at the intersection of Fulton and Lewis in Northwood. Perhaps you find it attractive? The color scheme is well executed, but the selections would be outside the norm for an Irvine property. You would never see this in Westpark, for instance.
I am sorry you can’t get the full impact of the colors in these photos, but I can assure you that this house catches your eye when you drive on this street.
The real case to be made for HOAs in Irvine comes from this property on Ecclestone Circle. First, look at the size of this thing. Even in a neighborhood of large homes — which The Ranch is — this home stands out as being enormous. When I first saw it, I thought it was multi-family.
Do the words “starter castle” come to mind when you see this place? The property at 5 Eccelstone Circle is for sale. Do you think this house is helping or hurting its resale value?
This is the view from the neighboring street. This place dominates the scene in other neighborhoods.
Homeowners associations have gotten a bad reputation because they are often taken over by individuals of limited competence or those with a Napoleon Complex. These criticisms aside, Homeowners associations provide a value-adding service which, in my opinion, is worth the hassles they create.