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CONDO

The Wire

Condo rules could shut out buyers, hit builders

New lending rules for condominium buyers are already forcing some developers to change or scrap plans for new projects for fear too many buyers will be shut out.

Fire destroys 60 of Ike-damaged Galveston condos

A fire has destroyed at least 60 condos in a Galveston, Texas, beachfront development that was being rebuilt after being damaged by Hurricane Ike.

Math smiles on move-up buyers

BOTHELL, Wash. - After two years of married life in a 680-square-foot, one-bedroom Seattle condo, Lori and Chris Kirsten were ready to spread out in a real house with room for a home theater and a yard where the Labrador retriever they had always wanted could roam.

New condo loan rules could hurt distressed areas

Money is already tight at The Wilshire Condominium, and new lending rules threaten to make life even more difficult for it and other condos around the country.

Under-construction apartments burn in Indianapolis

Fire gutted a luxury apartment complex under construction a few blocks from the Statehouse early Thursday, with flames consuming much of the six-story complex and gray smoke billowing across the downtown skyline. No injuries were reported.

At this condo project the airplane will be king

Bob Banman has spent so much of his life at the little airport in this old farm town that calls itself the "Citrus Capital of the World" that he has decided to move in — lock, stock and airplane.

Widow of Aaron Spelling pays $47M for LA condo

The widow of producer Aaron Spelling paid a whopping $47 million for a two-story condo atop a Century City residential tower that's still under construction, her lawyer said.

Foreign interest in U.S. homes is growing

Peter Oh, a Seattle real estate agent, is planning to open a showroom to market 21 condominium buildings in the Puget Sound region. But he’s not looking for a storefront location in downtown Seattle, nor is he planning to locate among the many new high-rises in nearby Bellevue across the lake.

Massive fire hits condo complex near Boston

Firefighters are battling a huge fire at a condomimium complex north of Boston.

ConsumerMan: Travel clubs — Deal or no deal

Travel is expensive. And quickly getting more so, thanks to rapidly rising fuel prices. Travel clubs promise to cut those costs by giving you huge deals on airfare, cruises, and lodging. The price to join is steep – as much as $8,000 – but members supposedly have access to special savings not available to the general public.

DiCaprio Buys 'Green' NYC Condo

Every time he comes home, Leonardo DiCaprio is practicing what he preaches. The environmentally conscious actor has bought an apartment in Riverhouse, an eco-friendly building overlooking the Hudson River.

Developers Offer Condo Sales Incentives

The hip Atria condos have a lot to offer young professionals and empty-nesters — a prime downtown address, skyline views, gym, rooftop deck and units starting at $300,000.

The Vine
Las Vegas' new CityCenter, a big gamble, prepares to open
Source: USA Today

LAS VEGAS — Some of the world's top architects and designers have taken a fresh deck of cards and created a Xanadu on the Las Vegas Strip.

Military Mom Refuses To Remove Flag From Window
Source: newsnet5.com

A military mother in Ohio vows she'll stand firm against her condo association's demand that she remove a flag from her window.

1 in 5 Homeowners Underwater: Would YOU Walk Away?
Source: realestate.yahoo.com

...Fewer walking away than you think Almost 20% of homeowners - or 8.3 million people - are "underwater" on their mortgages, owing more than their properties are worth. Another 2.2 million are near that drowning point, known as "negative amortization."

Olive8's awkward placement
Source: hugeasscity

I'm a fan of the Olive8 because of how green the building is - they're going for LEED certification, there's a big old green roof on top, and so on. I also didn't mind that this decent looking building is now helping to (partially) keep the ugly-ass old Bell Building out of sight.

Critical Differences Between Condos, Co-ops, and Houses

Three homes are for sale, each for $250,000. A fee simple house has only 2 bedrooms and is outdated. A Condo is newer with a swimming pool and an extra study room.

Condemned condo residents ordered to leave
Source: WSVN 7

"MIAMI (WSVN) -- Officials have required Cedar Pointe condominium complex residents to vacate the building after the City of Miami fire marshal condemned the dilapidated structure.

Scratch-off millionaire still can't buy home
Source: New York Post

A beloved Park Avenue doorman who won $5 million in the state lottery wants to move on up - and into the elegant, pre-war building where he works.

Disabled Vet to Lose Home Over Condo Board Red Tape
Source: South Florida Sun-Sentinel

He was a "gentle" Army veteran living quietly in his Boca Raton condo when his world came apart.Two years ago, former Postal Service worker Paul Ryan, 60, had a nervous breakdown and couldn't work, care for himself or pay his bills.

South Florida's Secret Blacklists
Source:

I really hope that this real estate thing gets worse and the feds take action against the banks.

Ramblings: Just When You Thought It Was Safe To Go In The Water....
Source: rentingparadise.com

California health officials issue a new guideline and health warning about unsafe hot tubs offered at hundreds of vacation rentals in California. No one knows if or when the local counties will force owners to remove the unsafe hot tubs from their properties.

Toronto: Hysteria as luxury condos go on sale
Source: Toronto Star

Almost 90 people took turns over the past week camping out on a sidewalk to reserve spaces for real estate agents wanting to snap up luxury units at One Bloor Street East when they went on sale today (Nov. 13). People were paid up to $2000 to hold spots.

Boom of condo crash loudest in Miami
Source: The Orlando Sentinel

MIAMI - The champagne-popping days are over for Natalie and David Luongo, who banked enough money flipping a South Florida condo three years ago to stage a $100,000 wedding.

Rapist Was Waiting In Woman's Home
Source: local6.com

Rapist Was Waiting In Woman's Home Victim Forced To Withdraw Money From ATM

Car Condos, just when you thought you've seen it all
Source: activerain.com

I can't say I'm overly suprised to see that an innovation such as the car condo, is being introduced in Miami of all places. If you've never been down there before, you might not understand the potential there, but a lot of the cars are "car condo" worthy, to say the least..

Class Envy Knows No Race
Source: Chicago Tribune

A project in the Pilsen neighborhood of Chicago is showing the divide in the hispanic community. The development is placing some high priced condos in what used to be a relatively low income area.

Economists eye strong but cooler US housing market: Financial News - Yahoo! Finance
Source: Yahoo! Finance

This supports the article I wrote on January 6th, 2006 that California's real estate market would remain strong this year.

2006 California Real Estate Market Will Be Strong

For 6 years Californian's have been told "the real estate bubble is going to burst." 6 years later and we are again looking to 2005 as a record setting year in California real estate.

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