05.16.08

Overzealous HOA is harassing my tenant

Posted in real estate tagged , at 1:23 am by realestatecash

Dang, I think my HOA has it in for my tenant.  I got 4 (yes four) letters complaining about a basketball apparatus in her driveway that “detracted from the appearance of the community”.   Ok, this seems a bit extreme.  My tenant lives in a typical surburban neighborhood that has plenty of kids, surely kids playing basketball in the driveway adds to the community, not detracts from it?

So finally my property manager visits and asks her to move it, of course there are several just like it in the neighborhood.   So now I’m getting letters about her car leaking oil on the driveway.  Geez, leave the poor woman alone, her husband just left her and she is raising her kids by herself.

05.15.08

Foreclosure maps

Posted in real estate tagged , , at 12:18 am by realestatecash

A friend of mine sent me this link that compares the foreclosure rate per county between 2004 and 2007.  Check out the shift from the south to our “bubble” states California and Florida.   Also check out the last map that clearly shows where the price declines are occuring.    Gives a whole new meaning to the term “red state”.