Comments on: Count the Lockboxes in this Birmingham Condo Complex http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/ Real Estate in Birmingham, Bloomfield Hills, Beverly Hills, Royal Oak, Troy and Oakland County Sun, 12 Oct 2008 07:36:30 +0000 http://wordpress.org/?v=2.6.2 By: Norm Fisher http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68546 Norm Fisher Wed, 23 Apr 2008 16:12:46 +0000 http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68546 Ouch! I'm interested in knowing what the price spread is between the units. Ouch! I’m interested in knowing what the price spread is between the units.

]]> By: Surviving the War http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68518 Surviving the War Wed, 09 Apr 2008 14:28:16 +0000 http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68518 Wow... this is sad. Good post. Wow… this is sad. Good post.

]]> By: Todd Waller http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68436 Todd Waller Wed, 02 Apr 2008 16:13:36 +0000 http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68436 I'm impressed! Of 12 boxes only 5 were for units currently for sale. I bumped into this myself in the summer of 2006. Here's the flickr photo: http://www.flickr.com/photos/40979357@N00/184823650/ That entrance was to a total of 6 units.....all 4 boxes were for properties for sale. Got it sold, in the end, to the renter! I’m impressed! Of 12 boxes only 5 were for units currently for sale. I bumped into this myself in the summer of 2006. Here’s the flickr photo:

http://www.flickr.com/photos/40979357@N00/184823650/

That entrance was to a total of 6 units…..all 4 boxes were for properties for sale. Got it sold, in the end, to the renter!

]]> By: Russ from Royal Oak http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68426 Russ from Royal Oak Tue, 01 Apr 2008 22:52:58 +0000 http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68426 Only 5 of the units on the market that you know about, that is... Don't for a minute believe that these lockboxes are left out there for no good reason. Qn: Are the asking prices for the nice Birmingham condos yet at a level where these condos can be rented out at market rents with positive cash flow to a near certainty? That would make the prospect of a purchase much less risky seemingly... But I haven't seen that happen yet except up near Flint. ----- Condo lending problems: My condo development has been blacklisted by WAMU! (blogger Chris) The mortgage meltdown is so bad that banks are now refusing to lend money to certain condo developments that they feel are high risk. If you click Michigan on the Wamu blacklist you will see a list of all the condo developments which have been blacklisted and mine is one of them. I guess soon you will need to have the full purchase price in cash if you want to purchase a condo which will only drive condo prices down even further. http://housingfear.blogspot.com/2008/02/my-condo-development-has-been.html Only 5 of the units on the market that you know about, that is… Don’t for a minute believe that these lockboxes are left out there for no good reason.

Qn: Are the asking prices for the nice Birmingham condos yet at a level where these condos can be rented out at market rents with positive cash flow to a near certainty? That would make the prospect of a purchase much less risky seemingly… But I haven’t seen that happen yet except up near Flint.

—–
Condo lending problems:
My condo development has been blacklisted by WAMU! (blogger Chris)

The mortgage meltdown is so bad that banks are now refusing to lend money to certain condo developments that they feel are high risk.

If you click Michigan on the Wamu blacklist you will see a list of all the condo developments which have been blacklisted and mine is one of them.

I guess soon you will need to have the full purchase price in cash if you want to purchase a condo which will only drive condo prices down even further.

http://housingfear.blogspot.com/2008/02/my-condo-development-has-been.html

]]> By: Maureen Francis http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68398 Maureen Francis Mon, 31 Mar 2008 04:58:31 +0000 http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68398 Thanks Carole, but I lost lots of features that took a long time to install. It's kinda depressing. Thanks Carole, but I lost lots of features that took a long time to install. It’s kinda depressing.

]]> By: Carole Cohen http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68394 Carole Cohen Mon, 31 Mar 2008 04:17:52 +0000 http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68394 I personally like your new look (as opposed to the fake me) :-) I personally like your new look (as opposed to the fake me) :-)

]]> By: Maureen Francis http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68385 Maureen Francis Mon, 31 Mar 2008 02:49:26 +0000 http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68385 I think they put stickers on them or something. Otherwise you would have really frustrated showing agents! I think they put stickers on them or something. Otherwise you would have really frustrated showing agents!

]]> By: ines http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68382 ines Mon, 31 Mar 2008 02:01:49 +0000 http://mioaklandcounty.com/blog/2008/03/29/count-the-lockboxes-in-this-birmingham-condo-complex/#comment-68382 This is funny (and not funny) - I can't just imagine the listing agent's description - my lockbox will be the 4th one from the right at the bottom and it's black ;) This is funny (and not funny) - I can’t just imagine the listing agent’s description - my lockbox will be the 4th one from the right at the bottom and it’s black ;)

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