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

To: Smiling Bob who wrote (104792)	2/13/2008 2:44:00 PM
From: MulhollandDrive	Respond to of 306849

well there are condos and there are condos at least in the midwest where i'm from originally, there were some fabulous condos built in exclusive areas where home ownership was out of reach (obviously not apartment conversions, but planned communities) the prices on those are holding just fine (of course the midwest never got to bubble proportions to begin with) i've been looking into a high rise condo in las vegas, and those prices are still quite high on a square footage basis....and the monthly HOA dues are nutz (some as high as $1000)....i just don't see how those numbers work (unless they get sold predominately to the chinese <g>)

To: Smiling Bob who wrote (104792)	2/13/2008 2:49:52 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

Ah, condos. You get to pay your mortgage, association fees, taxes, and insurance. If you ever get ahead they whack you with an assessment for a bunch of new roofing in another part of the complex because the last contractor did shoddy work and no one checked who was qualified to know. Top that off with the fact that you have neighbors on the other side of two or three walls and can't change anything outside without written approval from the association. You might even be blessed with a common garage and senile old neighbors who leave their garage doors open for days at a time. Such a deal!