There was an interesting article in the Palm Beach Post recently.  It said that condo sales have slumped but that the prices are on the rise.  It talked about banks not wanting to lend when buildings have a high foreclosure rate, delinquent dues, or too many renters.  It also went on to say that buyers wanted things "rock star" pretty.  

This all goes along with what we have been trying to do in our building.  The hallways are a disgrace, some investors don't want to redo them because they just want to grab the rent and do nothing in the units.  This is causing our building to not be up to its potential.  

There has also been more "misinformation" circulating regarding improvements.  If you have any questions or comments we'd love to be helpful.  Just contact the office or any board member or leave a comment on this blog.

The article will be available is anyone wants to see it.