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Old Posted Jul 17, 2018, 3:18 AM
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ardecila ardecila is offline
TL;DR
 
Join Date: Jun 2006
Location: the city o'wind
Posts: 16,384
Quote:
Originally Posted by left of center View Post
They are not fee simple individual homes, but a part of a land subdivision regulated by a home owners association.

And actually, some of the properties in DP1 are indeed large condo buildings...
Do you know that for a fact? You can still have fee-simple townhouses subject to a HOA declaration. You just have to set it up right, with the proper access easements and party wall agreements, etc. The rules regarding the buyout of a condominium would not apply.

I think unless you can persuade 100% of owners to sell, you'd have to do a hostile takeover and tear down all but the holdout houses, tear out the landscaping, stop shoveling snow, etc. Just utterly destroy the resale value of the holdout homes.
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