dwot (99.50)

Where will the new hits come from?

August 06, 2008 – Comments (4)

Many of the things I thought were coming seem to be showing up, higher interest rates for example.  I expect higher taxes and I expect home owners to be particularly hard hit.  When I was thinking through where I thought the economy was heading I concluded that I did not want to own more home then I need as to do would be to have city councils consider me an open tap to access funds. I suppose I've become resentful of waste and what I consider incorrect policy.

I also figured things would show up in ways that few anticipate.  Mish has a post about ways condo and strata projects are being affected.  The first has only 1/3rd occupancy and it appears bills aren't being paid and services aren't happening, like garbage collection.  There there are the squatters.  The second one is about a complex where strata fees went up 35% because of those not paying their fees.  I don't know what the law is like in the US, but in Canada the strata has the right to block a sale of a unit when fees are not paid, so strata fees get paid before a title can be transferred.