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

To: Broken_Clock who wrote (123351)	5/15/2008 6:56:05 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 306849

What is the location of the camps you're referring to? Most "secret" things in the US budget, like a new laser weapon to protect us from Martians, are labeled something else. A laser weapon program might be listed in the budget as "Child Healthcare Reimbursements", or "Farm Support Payments". .

To: Broken_Clock who wrote (123351)	5/15/2008 7:01:02 PM
From: Jim McMannis	Respond to of 306849

May 15, 2008 How Money-Strapped Unit Owners May Be Killing the Condo Market cpnmhn.typepad.com Today's New York Times article about the problems condo owners are facing as the economy slows sheds light on a growing issue: Defaults and foreclosures and the multifamily market. For months, we've heard about how bad foreclosures can be for a neighborhood of single-family homes: Unprepared to deal with property maintenance, banks sometimes let foreclosed properties fall into disrepair. A foreclosed home drags the value of areas homes down and can hurt the neighborhood--for every one foreclosure out of 100 properties, the violent crime rate grows by 2.33 percent, according to a 2005 study by Dan Immergluck of the Georgia Institute of Technology and Geoff Smith of the Woodstock Institute, the Tuscon Citizen reported recently. But little has been said about how such issues are affecting buildings with several units or more--until now. Part of the appeal of living in a condo involves the fact you don't have to handle some of the general maintenance: Somebody else vacuums your hallway. Somebody else mows any lawn out front. And somebody else tackles tough decisions about getting a new roof, repainting a foyer or hiring a contractor. That's one reason they're selling big to young, urban dwellers and older, retired residents who don't have the time or just don't want the responsibility.