Nevada is focusing on reserve funding and rising HOA assessments. But that may only address the problem after it has been created. The more fundamental question is how much long-term financial obligation developers should be allowed to permanently attach to homeownership.

Meaningful HOA reform cannot stop at minor procedural fixes.

Many homeowners like HOAs for community standards and amenities. But HOAs also exercise real governing and financial power over homes. The real question is whether Nevada properly limits that power and protects homeowners when it is misused.

HOAs control property values, rules, and even foreclosures — yet buyers get almost no insight into how they are governed. It’s time for real transparency and governance data