Articles By George Gombossy
Small Condominium Associations Are Dangerous
Real estate experts warn us to take at least as much care, if not more, checking out a condo than a single family home prior to purchase. That goes double for small associations with less than a dozen units. The major reason is that it’s unlikely that a small association can afford to hire a
Timeshares: Lousy Investments, Great Rentals
Thanks to Gregory Karp and his Spending Smart column for reminding us about what great deals are available for vacation rentals. Karp suggests you check out myresortnetwork.com and tug2.com for deals from people who aren't using their expensive timeshares. I would also recommend VRBO.com and homeaway.com to rent condos and homes for vacations. I list our condo in Florida and have found great tenants. Both
Never Buy A New Timeshare
The Wall Street Journal, my favorite newspaper, wrote this week that Marriott International is not only halting development of all time-share projects, but will also put on sale its unsold inventory. Having closely studied time-share business models, there are very few scenarios under which it makes any sense to buy one, even discounted. Let me
