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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Thoughts On Condos Posted by SeanW on May 31, 2003 at 8:17 PM In Reply to: personal residence....Ward..help :-) posted by zachary on May 31, 2003 at 7:51 PM I've considered picking up a cheap condo as well, just as a "refuge" for me during times that I have no inventory. (Although relatives have offered to let me shack up during those times.) Condos are dicey "investments" b/c the first sign of a declining market they go "under water" and many owners cannot get rid of them. After all, when prices drop and affordability of housing improves, most people will want to get a SFR or townhouse. If CA is like NC, you'll find condos pretty regularly in the foreclosures, so I wouldn't get too worked up over a particular one. Even if it's in a convenient/good area, ther'll probably be another in a few months. Myself, I don't think I'd even offer 4K moving money. I'd just explain to the owner that he's headed for foreclosure anyway-- and to keep that off his credit, it's best to just move out. Maybe I'd offer to pay the deposit on his next apartment, but that'd be about it. Re: Your question 3. Ward said a few days ago that gains in a trust "flow through" to the beneficiaries. It stands to reason that the interest tax deduction does too. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I've considered picking up a cheap condo as well, just as a "refuge" for me during times that I have no inventory. (Although relatives have offered to let me shack up during those times.) : Condos are dicey "investments" b/c the first sign of a declining market they go "under water" and many owners cannot get rid of them. After all, when prices drop and affordability of housing improves, most people will want to get a SFR or townhouse. : If CA is like NC, you'll find condos pretty regularly in the foreclosures, so I wouldn't get too worked up over a particular one. Even if it's in a convenient/good area, ther'll probably be another in a few months. : Myself, I don't think I'd even offer 4K moving money. I'd just explain to the owner that he's headed for foreclosure anyway-- and to keep that off his credit, it's best to just move out. Maybe I'd offer to pay the deposit on his next apartment, but that'd be about it. : Re: Your question 3. Ward said a few days ago that gains in a trust "flow through" to the beneficiaries. It stands to reason that the interest tax deduction does too. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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