The Condo – Home or Investment?

Durham NC Mayor Admits Risk In Buying Into An HOA

by Deborah Goonan Aha! Finally, a local government leader goes on record admitting that, when buying into a homeonwers’ association (HOA), the consumer is taking on substantial financial risk. When a developer walks away from the subdivision, the cost of completion of common areas is either dumped on the homeowners (or lot owners), or the corresponding loss in property values is deducted from their equity. Either way, consumers lose. Preview…Read more here

The Condo – Home or Investment?

by Deborah Goonan Once upon a time, there was the “American Dream.” A home was a place where people lived for a long time. Young newlyweds would purchase a modest home, furnish it, and then spend the next two decades raising children there. Grandparents might live in a house nearby, or move in with their adult children later in life. Nearly all the other houses on the block were also occupied by families, most of Continue ReadingThe Condo – Home or Investment?