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April 9, 2009 at 1:33 PM in reply to: Will rents create a price floor despite the mini rental bubble? #378978April 9, 2009 at 1:33 PM in reply to: Will rents create a price floor despite the mini rental bubble? #379105
cv2
ParticipantIn my complex, lots of LL are in NOD or later. That means that they have taken the rent but did not pay their expenses, such as Mortgage, HOA fees and property taxes. Of course they do not care who is renting as long as he can squeeze the last penny out of this “investment”. Actually I think they would prefer people with less perfect records because those people will unlikely come after them when the home got foreclosed.
April 9, 2009 at 8:59 AM in reply to: Will rents create a price floor despite the mini rental bubble? #378339cv2
ParticipantCompanies use the current crisis as excuses to get rid of their older workers and this forces lots of baby boomers to lose their jobs. For the most of them, they have no choice but to sell their homes to get as much as money they could and go either downsize, renting or moving to cheaper places. I am already seeing this is happening to my colleagues.
I think, as a result of this and the sheer number of baby boomers, will put a downward pressure on both home prices and rentals. Coupled with “doubling up” for younger generations, this is “historical”.
April 9, 2009 at 8:59 AM in reply to: Will rents create a price floor despite the mini rental bubble? #378617cv2
ParticipantCompanies use the current crisis as excuses to get rid of their older workers and this forces lots of baby boomers to lose their jobs. For the most of them, they have no choice but to sell their homes to get as much as money they could and go either downsize, renting or moving to cheaper places. I am already seeing this is happening to my colleagues.
I think, as a result of this and the sheer number of baby boomers, will put a downward pressure on both home prices and rentals. Coupled with “doubling up” for younger generations, this is “historical”.
April 9, 2009 at 8:59 AM in reply to: Will rents create a price floor despite the mini rental bubble? #378796cv2
ParticipantCompanies use the current crisis as excuses to get rid of their older workers and this forces lots of baby boomers to lose their jobs. For the most of them, they have no choice but to sell their homes to get as much as money they could and go either downsize, renting or moving to cheaper places. I am already seeing this is happening to my colleagues.
I think, as a result of this and the sheer number of baby boomers, will put a downward pressure on both home prices and rentals. Coupled with “doubling up” for younger generations, this is “historical”.
April 9, 2009 at 8:59 AM in reply to: Will rents create a price floor despite the mini rental bubble? #378841cv2
ParticipantCompanies use the current crisis as excuses to get rid of their older workers and this forces lots of baby boomers to lose their jobs. For the most of them, they have no choice but to sell their homes to get as much as money they could and go either downsize, renting or moving to cheaper places. I am already seeing this is happening to my colleagues.
I think, as a result of this and the sheer number of baby boomers, will put a downward pressure on both home prices and rentals. Coupled with “doubling up” for younger generations, this is “historical”.
April 9, 2009 at 8:59 AM in reply to: Will rents create a price floor despite the mini rental bubble? #378969cv2
ParticipantCompanies use the current crisis as excuses to get rid of their older workers and this forces lots of baby boomers to lose their jobs. For the most of them, they have no choice but to sell their homes to get as much as money they could and go either downsize, renting or moving to cheaper places. I am already seeing this is happening to my colleagues.
I think, as a result of this and the sheer number of baby boomers, will put a downward pressure on both home prices and rentals. Coupled with “doubling up” for younger generations, this is “historical”.
cv2
Participant$380 is the regular HOA fee for this complex Creekside and an additional $180/month special assessment for 5 years. This will bring the total monthly due to $560/month.
I could not access their budget and reserve study but I would not be surprised to see zero reserve and a deficit in their current spending. This complex is just badly managed. I do not have the numbers but I suspect that less than 50% are owner occupied and make it difficult to get loans.
cv2
Participant$380 is the regular HOA fee for this complex Creekside and an additional $180/month special assessment for 5 years. This will bring the total monthly due to $560/month.
I could not access their budget and reserve study but I would not be surprised to see zero reserve and a deficit in their current spending. This complex is just badly managed. I do not have the numbers but I suspect that less than 50% are owner occupied and make it difficult to get loans.
cv2
Participant$380 is the regular HOA fee for this complex Creekside and an additional $180/month special assessment for 5 years. This will bring the total monthly due to $560/month.
I could not access their budget and reserve study but I would not be surprised to see zero reserve and a deficit in their current spending. This complex is just badly managed. I do not have the numbers but I suspect that less than 50% are owner occupied and make it difficult to get loans.
cv2
Participant$380 is the regular HOA fee for this complex Creekside and an additional $180/month special assessment for 5 years. This will bring the total monthly due to $560/month.
I could not access their budget and reserve study but I would not be surprised to see zero reserve and a deficit in their current spending. This complex is just badly managed. I do not have the numbers but I suspect that less than 50% are owner occupied and make it difficult to get loans.
cv2
Participant$380 is the regular HOA fee for this complex Creekside and an additional $180/month special assessment for 5 years. This will bring the total monthly due to $560/month.
I could not access their budget and reserve study but I would not be surprised to see zero reserve and a deficit in their current spending. This complex is just badly managed. I do not have the numbers but I suspect that less than 50% are owner occupied and make it difficult to get loans.
cv2
ParticipantHow long does it take for you to save $80K?
Before 1996 or earlier, you always have to put 20% down unless with some special government programs. Looks like we are back to the future.
cv2
ParticipantHow long does it take for you to save $80K?
Before 1996 or earlier, you always have to put 20% down unless with some special government programs. Looks like we are back to the future.
cv2
ParticipantHow long does it take for you to save $80K?
Before 1996 or earlier, you always have to put 20% down unless with some special government programs. Looks like we are back to the future.
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