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

To: Wyätt Gwyön who wrote (57843)	7/17/2006 2:28:32 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 306849

Condos in the downtown "gaslamp" area of San Diego could easily see 50% declines in valuation. At alleged current valuations, you're talking about a monthly cost of ownership for these condos at current interest rates of perhaps $3,500 per month. This certainly doesn't compare favorably with the rents on offer for these units. 4rentinla.com .

To: Wyätt Gwyön who wrote (57843)	7/19/2006 10:51:00 PM
From: ild	Respond to of 306849

<<<what happens if the neighbors stop paying the fees?>>> Association will sell neighbor's condo.

To: Wyätt Gwyön who wrote (57843)	7/20/2006 7:21:37 AM
From: Logain Ablar	Respond to of 306849

Association puts lien on condo so when relative sells the amount in arrears gets paid, provided there are any funds after primary liens.