December 6

Alas! My neighbor Sue is moving out by the end of the month. She hopes to purchase a house on her own since prices are so good these days. She will keep her condo as a rental—many crossed fingers there! She says she couldn’t sell it as lenders aren’t lending to sell condos! I didn’t’ realize that.

Our complex has two units for sale, no. 11 (149,000) and no. 35 (125,000) are both asking for over 100,000! No. 35 has been for sale since nov. 2008 and they have not changed their price at all in the past year. Our units are about 800 square feet on ground level with good sized bedrooms and back and front patios. Even at the height of the real estate boom here they might not have sold for that much.

She hopes to purchase a house on her own since prices are so good these days. She's in her late 30s and wants more room. She will keep her condo as a rental—many crossed fingers there! She says she couldn’t sell it as lenders aren’t lending to sell condos at all. I didn’t realize that was happening.

All I could think of was, I hope it works for her but I wonder given how things are going to be in the next few years.

:(
Peace to me today, Shamba