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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Chen who wrote (5681)	9/29/2002 3:18:33 PM
From: TheStockFairy	Read Replies (3) \| Respond to of 306849

it's a corporate owned complex, luxury apartments. $1,000 per month, 1000 sq ft. i do have to pay for water now though, which is a $12 bump over last year. i think there's a glut of apartments around where I live and the average tenure in these places seems to be 6 months. as you know, everyone who is anyone has purchased a home over the last few years. the quality of the neighbors has fallen dramatically, but the maintenance and upkeep of the premisis has remained the same. They threw in a new washer and dryer this year as part of the negotiation for me staying, I could have had a new bathroom also but i didn't want to go through the hassle, also could have gotten new carpet, again, didnt want to go through the hassle. The whole place works out to be less than 8% of my gross income, the rest of the money is going to trips and starting businesses. Went to China this year, Brazil the year before, India is going to be next year. Oddly enough, I'm starting a furniture import business, going into what I think is going to be a housing decline.