Scary Time for Condo HOAs

There’s a pretty good column in the Atlanta Business Chronicle about how the financial meltdown has impacted condo owners. Foreclosures and walkaways hammered the budgets of HOAs, not just in Atlanta, but all over the country. This columnist claims the market has turned around.

But wait! Wait! Financial news on the international and national scale is not good. In fact it’s somewhat bleak. The next decade could be a financial home wrecker. Pray for the best, plan for the worst.

Still, the column linked below is worth reading

http://www.bizjournals.com/atlanta/real_talk/2012/11/checking-the-financial-health-of-hoas.html?page=all

Advertisements

Leave a comment

Filed under embezzle, foreclose, HOA, realtor

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s