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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 (246290)	4/30/2010 2:10:23 PM
From: BWAC	Read Replies (2) \| Respond to of 306849

Wonder if the banksters have marked those loans down yet? Probably not, still marking to fantasy. F'em all. Those condo owners have no rational choice but to walk away. Leave it for the banksters to sort out, its thier economy, they broke it, they own it. By the way, just where on the bankster income statement do the expenses for maintenance upkeep, property taxes (current and past due), HOA dues (current and past due), insurance, etc. go? Soon as they foreclose on some of this junk the banksters I guess become responsible for all expenses since they now "own" it. Anybody know?

To: Broken_Clock who wrote (246290)	4/30/2010 4:31:53 PM
From: TH	Respond to of 306849

BC, <Older projects with a much higher % of owner occs might work, but surely they are safer.> I thought the exact same thing, but in Vegas, nothing works out as planned. My number two choice, Regency Towers is running about a grand a month for an 1800 square. The unit I was looking at two months ago is still available, and 30K less on the ask. HOA is one reason I'm leaning towards single family. Hey, gold up and the market down. My mother warned me not to take peyote during market hours. GT TH