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

To: tejek who wrote (283423)10/14/2010 1:29:04 PM
From: John VosillaRead Replies (3) | Respond to of 306849
 
They are still doing condo conversions in Cali? Used the same ploy with toxic 1% option ARM's back in 2005...low payments versus rent..



To: tejek who wrote (283423)10/14/2010 1:29:50 PM
From: The ReaperRead Replies (1) | Respond to of 306849
 
In regards to condo-buying instead of renting.. What's your take on the peril of bankrupt HOA's and never ending assoc. increases in dues? Is that going to be a problem in these foreclosed developments?



To: tejek who wrote (283423)10/14/2010 1:35:23 PM
From: bentwayRead Replies (2) | Respond to of 306849
 
I bought my first condo in Austin following a local RE bust. My payment and HOA fee combined was cheaper by a third than the rent I had been paying, and the place was much bigger and nicer too.

I rented it for nine years after moving to CA, and finally sold it for four times what I had paid. I wish I'd kept the place!


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