Best condos restrict rentals My wife and I are interested in buying a condominium for investment purposes. But the condo homeowner association tells us we cannot rent it to tenants and must keep it vacant or live in it. Can they legally impose this restriction on us? –Joe M. Yes. When you buy a condominium …
Category Archives: Real Estate
Nicaragua, the new beachfront frontier
Nicaragua, the new beachfront frontier – Los Angeles Times What second-home buyers yearn for in Central America is Costa Rica before the building boom. They want ocean views and unspoiled land, without the steep prices, crime and American fast-food chains. They want Panama before Donald Trump. Adventurous Americans, Canadians and Europeans willing to dodge livestock …
Overdue mortgages linked to risky loans
Overdue mortgages linked to risky loans An explosion in overdue mortgages tailored to home buyers with less-than-sterling credit has driven foreclosure filings to record highs in Massachusetts. These mortgages, known as subprime loans, charge higher interest rates to compensate the lender for the risks associated with customers who have low credit scores or large credit …
A cooling trend in real estate flipping
A cooling trend in real estate flipping If buyers have felt lonely making the sole bids on houses these days, it might be because home flippers, those who buy property with the intention of renovating and reselling quickly, haven’t been as active in the last year. “Flipped” houses, considered by analysts to be those owned …
Real Estate Funds Continue to Show Gains
Real Estate Funds Continue to Show Gains If location is the golden rule of real estate, then many who invest in real estate mutual funds might at times feel as if they’ve stumbled upon a great deal in the fanciest building in town. A big acquisition in the commercial real estate market has led some …
Memo to Shrewd Condo Investors: Buy in Chicago
Memo to Shrewd Condo Investors: Buy in Chicago Any report on the condo development market routinely lists cities such as Miami and Las Vegas as the touchstones of a market gone mad. It’s just as easy to point to Chicago, where conversion of disused and historic office buildings has fueled a resurgent and, some say, …
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