Asklemmy

43898 readers

1344 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!

Open-ended question
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.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

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

founded 5 years ago

MODERATORS

135

In the USA, can you lose your home even after it is 100% paid off? (lemmy.ml)

submitted 11 months ago by Confidant6198@lemmy.ml to c/asklemmy@lemmy.ml

113 comments fedilink hide all child comments

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

[–] ElleChaise@kbin.social 2 points 11 months ago (3 children)

I don't know how it is everywhere, but in multiple areas I've lived, you can't just build your own house anymore. You either go outside of city limits and pay to get utilities out there, pull permits, the whole nine, or you buy a premade piece of crap cookie cutter house in the city, which usually comes with some form of HOA. Unless you got big bucks, most people simply can't afford a house outside of an HOA of some kind anymore.

[–] Death_Equity@lemmy.world 5 points 11 months ago

That is highly dependent on the state. In every state, the majority of homes are not HOA. The worst is Florida with 45% of homes in an HOA, but the majority of states are under 20%.

[–] PP_BOY_@lemmy.world 2 points 11 months ago

What kind of shithole do you live in?

[–] bluGill@kbin.social 1 points 11 months ago

Pulling utilities is not that expensive. Sure it is tens of thousands ,but in a development it is nearly that much, you just don't realize it as those costs are bundled in. You get some of that back because rural areas allowed manufactured houses which are cheaper. (Careful, there are good manufactured houses, but the industry has earned their terrible reputation)