What Do HOAs Have Against Renters?

Check out this news story about Renter Nation which appeared today.

What do Homeowners Associations have against renters?  That is the question being asked by renting lifestyle advocate Bill Deegan, the CEO of Renter Nation, the country’s only nationwide group “by, for and about America’s more than 100 million residential renters.” 

Citing a troubling trend taking place in the United States by HOAs and local governments to limit the number of renters in single-family home developments, Mr. Deegan called these restrictions “misguided, discriminatory and based on racial and cultural stereotypes.”

As recently reported by USA Today, HOAs and many municipalities across the country are basing these restrictions on the false premise that renters “bring down property values”.  As Mr. Deegan asserts and as supported by respected university studies including those conducted by the University of Pennsylvania’s Wharton School, there is no empirical evidence to suggest that the presence of renters in a community cause property values to decline.

In fact, according to Mr. Deegan’s group, restricting the number of renters in a community is just another example of discrimination directed toward a minority group.  The number of homeowners outnumbers renters by two to one.  “To single out more than 100 million hardworking Americans because we rent flies in the face of true American values of equality.  Can you imagine communities restricting other minority groups in this day and age?  We can’t either and that’s why we continue to fight for the respect and dignity due all who rent their homes,” Mr. Deegan added.

In commenting further on the University of Pennsylvania study, Mr. Deegan noted that the Wharton analysis concluded that “homeowners are no happier, healthier or engaged in their community than renters."

“Renter Nation will continue to stand in the forefront of the fight against cultural and societal bias directed toward renters, the renting lifestyle and the providers of multifamily housing,” Mr. Deegan concluded.

Renter Nation is a unit of Sioux Falls, South Dakota based Media Demographics, Inc.

USA Today article link:

http://www.usatoday.com/story/money/business/2012/10/04/homeowners-oppose-rentals/1614229/

Wharton Study link:

http://real.wharton.upenn.edu/~wongg/research/American%20Dream%20or%20American%20Delusion%202011-04-22.pdf

 

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Bill Deegan

About Bill Deegan

Bill Deegan is the Founder and CEO of Renter Nation. He can be reached at bill.deegan@renternation.com
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