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Friday, April 25, 2008

Friday: It's Condo CanDo Q/A Day

April 25, 2008

Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC

Friday is Q/A Day on Condo CanDo’s schedule. Here Goes:

Q1. Do you have other links relating to Radon?( Re: Latta Pavilion Is Sick feature)
A1. Yes and here they are:
1. http://www.epa.gov/radon
2. http://www.neha-nrpp.org
3. http://www.nrsb.org
4. http://www.radon.biz
5. http://www.radonworld.com
6. http://www.rtca.com
7. http://www.aarst.org
8. http://www.who.int
We received this with the article from the Wall St. Journal on Radon.
Links are included in podcast as well on our blog…and of course, there’s Condo CanDo and they are posted there as well under “Blog”.
Q2.How will condo foreclosures affect a complex overall?
Complex answer in a way. Foreclosures are just a part of the problem. Units without owners are not paying HOA dues.This might further distance mortgage investors.
Q3. What is the status of the condominium The Park? Stalled or stopped?
It would appear the project is on hold because of unpaid bills according to a recent report from the Business Journal.
Q4. How do you feel about the announcement of so many apartment projects where there were once condominium projects talked about?
Apartments are probably cheaper to build than condominiums and I’ll be willing to bet that we will see these apartment projects convert to condominiums once the market turns. That is an interesting financial scenario isn’t it?
Q5. Is Centex going ahead with their development on West Tyvola and Tyvola Center Drive? Preliminary plans called for as many as 248 residential units plus commercial space.
Plans have been dropped, the contract terminated and a rezoning petition to support the project has been withdrawn.
Q6. You wrote about the number of cranes in the uptown area. How many are there really?
Twenty eight in all.

Saturday is our wrap up day usually. So until tomorrow, this is

Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC

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