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Florida's RE Conundrum

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  • #31
    Re: Florida's RE Conundrum

    Don, you are in the Russian River Valley? How long have you been there for?

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    • #32
      Re: Florida's RE Conundrum

      Originally posted by housingcrashsurvivor View Post
      Seems self-defeating to me though I haven't looked at the numbers. Less money towards the sale. Less money for upgrades. Lower Zillow comps for the next guy (only half kidding). When I was on a code enforcement board and a house with one of our liens went to market, if the contract purchaser came before us and promised improvements, we forewent fines. Why interfere with a sale that could improve the property & neighborhood? Granted, those were just fines, not arrears. I guess the condos are looking at the greater good, or not, and that's how they play it.
      The conditions have deteriorated so drastically for some of these HOAs that they've turned to the above, methinks.

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