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

submitted 11 months ago by [email protected] to c/[email protected]

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Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

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[–] [email protected] 11 points 11 months ago* (last edited 11 months ago) (3 children)

Don't buy a house in a HOA.
You're going to pay taxes no matter what, sorry to break that to you. Kinda surprised you didn't know that if you were going to pay cash for land.

Edit. Lol guy blocked me for that? Lame

[–] [email protected] 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 7 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_ 2 points 11 months ago

What kind of shithole do you live in?

[–] [email protected] 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)

[–] [email protected] 1 points 11 months ago

Fuck, I wish this were an option. It's like only HOAs in this god damn place.

[–] [email protected] 0 points 11 months ago (1 children)

there are some places without property taxes

[–] [email protected] 2 points 11 months ago (1 children)

Every single state in the US has property tax on homes.

[–] [email protected] 1 points 11 months ago

woops, my bad. maybe im thinking of income tax