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EconProf
ParticipantThanks SDR and urbanrealtor for the examples. Values have fallen farther than I had thought.
However, I’d be wary of condos with underwater HOAs. No telling what the true cost is if most units vacant or not paying monthly dues & deferred maintenance building up.
Also, expect higher vacancy periods & turnover in such neighborhoods along with more maintenance costs on those older buildings.ParticipantThanks SDR and urbanrealtor for the examples. Values have fallen farther than I had thought.
However, I’d be wary of condos with underwater HOAs. No telling what the true cost is if most units vacant or not paying monthly dues & deferred maintenance building up.
Also, expect higher vacancy periods & turnover in such neighborhoods along with more maintenance costs on those older buildings.ParticipantThanks SDR and urbanrealtor for the examples. Values have fallen farther than I had thought.
However, I’d be wary of condos with underwater HOAs. No telling what the true cost is if most units vacant or not paying monthly dues & deferred maintenance building up.
Also, expect higher vacancy periods & turnover in such neighborhoods along with more maintenance costs on those older buildings.ParticipantUrbanrealtor: Several houses in North Park and Normal Heights for $120k to $140k that will rent for $1000 a month?
I know that area well and I doubt it.
Examples please?ParticipantUrbanrealtor: Several houses in North Park and Normal Heights for $120k to $140k that will rent for $1000 a month?
I know that area well and I doubt it.
Examples please?ParticipantUrbanrealtor: Several houses in North Park and Normal Heights for $120k to $140k that will rent for $1000 a month?
I know that area well and I doubt it.
Examples please?ParticipantUrbanrealtor: Several houses in North Park and Normal Heights for $120k to $140k that will rent for $1000 a month?
I know that area well and I doubt it.
Examples please?ParticipantUrbanrealtor: Several houses in North Park and Normal Heights for $120k to $140k that will rent for $1000 a month?
I know that area well and I doubt it.
Examples please?ParticipantLook for one local tax to go up, perhaps by a lot. A real estate “transaction tax” is an easy fee to hike. In some east coast high tax states it is far higher than CA, where I believe it is $.055 per $100 of sales price.
Politicians will look to raise it here since Proposition 13 limits (for now) their raising property taxes. By raising transaction costs for buying and selling, it hurts real estate brokers, investors, etc.ParticipantLook for one local tax to go up, perhaps by a lot. A real estate “transaction tax” is an easy fee to hike. In some east coast high tax states it is far higher than CA, where I believe it is $.055 per $100 of sales price.
Politicians will look to raise it here since Proposition 13 limits (for now) their raising property taxes. By raising transaction costs for buying and selling, it hurts real estate brokers, investors, etc.ParticipantLook for one local tax to go up, perhaps by a lot. A real estate “transaction tax” is an easy fee to hike. In some east coast high tax states it is far higher than CA, where I believe it is $.055 per $100 of sales price.
Politicians will look to raise it here since Proposition 13 limits (for now) their raising property taxes. By raising transaction costs for buying and selling, it hurts real estate brokers, investors, etc.ParticipantLook for one local tax to go up, perhaps by a lot. A real estate “transaction tax” is an easy fee to hike. In some east coast high tax states it is far higher than CA, where I believe it is $.055 per $100 of sales price.
Politicians will look to raise it here since Proposition 13 limits (for now) their raising property taxes. By raising transaction costs for buying and selling, it hurts real estate brokers, investors, etc.ParticipantLook for one local tax to go up, perhaps by a lot. A real estate “transaction tax” is an easy fee to hike. In some east coast high tax states it is far higher than CA, where I believe it is $.055 per $100 of sales price.
Politicians will look to raise it here since Proposition 13 limits (for now) their raising property taxes. By raising transaction costs for buying and selling, it hurts real estate brokers, investors, etc.ParticipantI did not fully realize how bad off most all of europe was in this banking and currency crisis. I thought the U.S. had the biggest dolts for bankers. Turns out the haughty european countries were just as dumb.
Somehow, I feel better now. -
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