Homeowner’s associations are self-governing organizations in some residential communities that share a “common interest” … which require residents to pay fees to maintain their housing unit and their building or neighborhood. ... And a 2019 study by economists Wyatt G. Clarke and [economics professor] Matthew Freedman from University of California, Irvine — one of the few academic papers looking at the impact of HOAs nationally — found HOA residents are disproportionately more likely to be white or Asian, and are disproportionately less likely to be Black or another race, than non-HOA residents.

For the full story, please visit https://www.marketwatch.com/story/hoas-are-basically-neighborhood-tyranny-systems-why-people-are-blasting-homeowners-associations-on-twitter-11629823323.