![Boortz Says "e;Buy!"e;](https://condometropolis.com/wp-content/uploads/2022/09/greenwheelbarrowcash-1-200x200.jpg?quality=100.3022110109020 "Boortz Says "e;Buy!"e;")
Long time talk show host and co- author of The Fair Tax Book Neil Boortz said this morning that anyone looking to invest needed to forget about the stock market and look at real estate. When consulting a want-to-be investor Boortz said.  "I am contracted into a large real estate deal this year. If I had any more money to invest I would be looking at big Real Estate Deals. We are going to see a lot of inflation thanks to the Democrats. Inflation is good for real estate [...]
In a moment of profound unpreparedness, our brand-spanking new Treasury Secretary Tim Geithner spoke on Tuesday about the 'details' of the upcoming stimulus package. After no ‘details' whatsoever were declared, the stock market expressed their discontent by trashing the Dow Jones Industrial AverÂage by 300+ points. Ouch-town, population you, Tim. Maybe it's best to have the information before you tell the press that you want to release the information. As I write this, the [...]
Last August we reported on the $7500 tax credit available to first time home buyers. Now, the $790 billion stimulus package hammered out by House and Senate conferees late last night will increase the home buyer tax credit to $8,000, from $7,500, and drops the repayment feature for buyers who hold on to their property for at least three years. The legislation also extends the effective date of the credit to December 1 from June 30, and extends eligibility to borrowers who buy their home with [...]
The last few months we've been explaining how impossible it is to get a condo loan these days - particularly on bank owned Orlando condos, regardless of credit score, money down - or job. Well you'll be pleased to know there are one or two exceptions - but they're a rare find. Condos that are FHA approved or Fannie Mae approved can still generate loans because they meet guidelines which suggest that the community is viable: guidelines with respect to number of investors, number of COA [...]
We posted Miriada condos closeout deal towards the end of last year. Prices have continued to drop and we can now get you a FOUR-bedroom from $89,900! Financing may also be available, together with some closing cost assistance. Contact us for a tour before the last few go! Upgraded kitches with stainless steel and granite, wine refrigerator and more... Just 10 minutes from the airport.
For those of you waiting for ‘bottom' in Orlando - ask yourself this question: how will you know when that day comes? Are you waiting for the media to tell you it's ok to get back in the water? Or are you studying the market yourself each day, watching the numbers like a data-crazed economist; a coiled, human spring ready to pounce at a moment's notice - proof of funds in hand? My guess is that most folk will fall into the first category and that by the time the evidence of [...]
Question: Our board is looking for better ways to communicate to the members by establishing a website. If we decide to distribute the board minutes and other information via a website, is that in itself sufficient? Or, does the board have an obligation to continue to use mail? Answer: Unless there is a requirement in your governing documents or archaic state law to mail communications, using a website and email are marvelous ways to economize, improve and expand HOA communications. Since the [...]
The U.S. Department of Housing and Urban Development (HUD) has backed releasing $91 million for Florida municipalities to deal with the foreclosure crisis. The U.S. Housing and Economic Recovery Act of 2008 awarded the money to the state Department of Community Affairs to be distributed to 26 local municipalities to stabilize neighborhoods. Grantees have 18 months to obligate these funds and four years to spend them. The Housing and Economic Recovery Act allocated a total of $541 million[...]
Another Super Bowl has come and gone. Congrats to the Steelers for winning, and congrats to the Cardinals for putting on such a terrific back-and-forth contest. Arguably one of the best Super Bowls I've seen in recent history. And at this year's Super Bowl party, I heard plenty of people talking about the economy and the housÂing markets. Everyone, it seems, knows the correct way for our government to bail us out (and isn't quiet about it) and wonders why the powers that be [...]
Mona Lisa condo hotel just became the latest condo hotel to file for Ch. 11 reorganization after a series of declines in occupancy and rental rates. Last month World Quest Resort suffered a foreclosure suit as developers struggle to keep their heads above water. The Mona Lisa condotel is a $70 million, 240-room condo-hotel which opened in early 2008. Only around 70, or 30 %, of the units have sold to date leaving Mona Lisa with about 170 units to sell. As of the petition date,[...]