Condo Fiasco

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Archive for November 10th, 2007

Recovery plan

I put together a spreadsheet outlining a recovery plan. It is based on a 5.5% 7 year ARM. That means I would have to sell the unit in 2014. According to much I’ve read, that is when the demand will have exceeded supply. It is also based $5000/year taxes, rent at $1200/month for the first [...]

OK…an update

I haven’t updated the blog lately for a couple of reasons. The main one is that this whole thing has taken a toll on me and I needed a break. Time to spend some time with my family and not let this whole thing rent space in my head. The other reason is that the [...]