--- In AsburyPark@yahoogroups.com, "oakdorf" <[EMAIL PROTECTED]> wrote: > > > > > > > > In light of the budget deficit I wonder what the Esperanza (C- 8) > > > property is valued at for tax purposes. > > > > > > The sale is listed as over $17 Million. Shouldn't that be the new > > > valuation? > > Abatements. Goof thing, when a 1 bedroom will be paying $5k in taxes > year 1 and 2. WITH abatements. > > There are some very interesting rentals coming up at N. Beach. > NO MORTGAGE, NO TAXES. Just pay rent and utilities. Live on the ocean > on/off someone's else's money and investment and tax write offs - for > less then owning. >
Are those actually closed & owned properties, or just a speculator thinking he's still getting a zero down, interest only Alt-A mortgage? I wonder what the remedy is if this guy can't close on his condo when the rental agreement goes into effect? Could be fun trying to squeeze him from the other side when the mortgage company surprises him with a denial when he goes to close. Anyone who is interested in egghead stuff, Pimco put out a research report last week. (Pimco is a real Wall Street firm, as opposed to a vulture investor who thinks they are an oceanfront developer). One of their portfolio managers sold his house last year, and he explains why he is continuing to rent as the housing market unwinds over the next 18 months and essentially destroys the economy. Here's the report: http://tinyurl.com/3acrow Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
