Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Reaper who wrote (283428)	10/14/2010 1:38:31 PM
From: tejek	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? Most of these condo projects are fairly new so the demand on the dues is still pretty light in most cases. I would have the state require the new owner as they sell each unit to fund the account for a reasonable amount using as a rule of thumb what would have been the accrued amount if the unit had been occupied continuously. Does that sound reasonable?