Author Topic: Condo market troubles  (Read 1150 times)

Offline bigbear

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Condo market troubles
« on: September 19, 2016, 07:30:27 AM »
https://www.washingtonpost.com/local/md-politics/condominiums-in-crisis-financial-troubles-put-many-communities-at-risk/2016/09/17/07ba32ac-6972-11e6-ba32-5a4bf5aad4fa_story.html

I owned a condo for about 7 years.  Fortunately the finances were in really good shape compared to what this article says some communities are going through.  But at the heart... they suffer the same problem any gov't faces.  They mortgage tomorrow to live well today.  And for many of them, 'tomorrow' is now financially.