Small groups of neighborhood volunteers are blocking companies from buying single-family homes, rewriting homeownership rulebooks to thwart investor purchases of suburban housing.

These groups, called homeowner associations, spend much of their time enforcing rules related to things such as lawn care and parking. But they often have broad powers to regulate how homes are used.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Truckers Want More Trucks Than Industry Can Build

By Bob Tita | Photographs by Maria Alejandra Cardona for The Wall…

Why Southwest Airlines canceled so many flights during the busiest holiday travel week of the year

At a news conference in Houston, Southwest spokesman Jay McVay said cancellations…

Elderly in China protest cuts to health benefits in rare show of dissent

HONG KONG — Large groups of older people protested in two Chinese…

Sen. Bernie Sanders opposes giving Israel $10 billion in aid

WASHINGTON — Sen. Bernie Sanders, I-Vt., has come out against giving about…