The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (27633)	3/2/2005 9:17:34 AM
From: kailuabruddah	Read Replies (1) of 306849

Very true... Clearly a sign of the Malinvestments being made in our credit bubble... I talked to someone the other day about the situation in Orange Beach, Alabama... He said (as you'd expect) the "investors" he knows have gotten zip in vacation rental income since the September hurricane hit... plus, many new condo owners are now looking at $25K to $30K in special assessments to cover rebuilding costs... So this area may be amongst the first shoes to drop... gulf-shores-alabama-condo-rentals.com We have mailed a letter summarizing the results of the board meeting and included the individual invoices for the special assessment.

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