Whoa, ease up there big feller. Like I said, I was just asking a question. No I own a house and there is no HOA here so I don’t know how it works. Thanks for enlightening me, though. And I wasn’t going to go class envy on you.
whew...;)
But seriously, it’s a problem. People were getting loans for things they absolutely should not have. There’s a couple downstairs who bought three units here. He’s a fireman, she’s a part time worker. They bought 1.5 million worth of condos that are now worth alot less. So, do the math..mortgage, HOA fees...insurance.. they will be walking away, I’m sure of it. Out of 79 units, 15 are in foreclosure, about 10 for sale...
Are we supposed to help them out? Everyone’s a genius when the market is going up.
BTW, I ain’t a feller..I’m a gal!