To: rodguy911
Inlaws just bought a nice condo in Fla. for 65K... the lady who sold it lives in one and had bought 2 more at 180K ea. a few yrs back as “investments”...She Paid 240K for her original one and thought she'd make some easy money...
26 posted on
06/12/2011 7:42:59 PM PDT by
M-cubed
To: M-cubed
It’s even worse in Key West. Condos selling for 650k a few yeas ago are routinely foreclosed on at 150-175k with monthly maintenance fees skyrocketing since the places are not longer fully sold.
27 posted on
06/12/2011 7:47:59 PM PDT by
rodguy911
(FreeRepublic:Land of the Free because of the Brave--Sarah Palin 2012)
To: M-cubed
it is insane to buy condos or hoa homes in FL.
the fees not paid to foclosed units go on the backs of the remaining owners.
47 posted on
06/13/2011 12:40:57 PM PDT by
longtermmemmory
(VOTE! http://www.senate.gov and http://www.house.gov)
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