…As you read these stories, consider this. Every one of these association-governed common interest communities was approved by city or county elected officials, despite their proximity to watershed areas, and with full knowledge of possible adverse site conditions. ..
….In most cases, failure of the system occurs after the developer is long gone, having already reaped profits from selling homes. And even though local governments have collected millions in tax revenue, homeowners bear the brunt of financial risk, in addition to a loss in property value. ….