Just wondered if anyone else read the article about replacing the water mixing cartridges in the shower valves in the Home Section of the OC Register last Saturday. It was a very good explanation of how one bad mixing valve can screw up a whole plumbing system's hot water. And that was in a single family home with just two baths and a kitchen.
It was what the Boards, both old and new, have been preaching for years now. So if you haven't changed yours yet, and you don't like the quality of your hot water, get it replaced.
Todd in 122
Friday, January 26, 2007
Thursday, January 25, 2007
U.S. Home Foreclosures Up 42% in 2006
WASHINGTON, Jan 25 (Reuters) - The number of homes in the United States foreclosed by lenders rose 42 percent in 2006 from a year earlier in a sign that many homeowners have became overextended in mortgage debt, a real estate information service reported on Thursday.
More than 1.2 million foreclosure filings were reported nationwide during 2006, which is a rate of one foreclosure filing for every 92 households, according to RealtyTrac, Inc.
The jump in foreclosures last year marks a return to normal levels as the housing market cools from multiyear highs of sales and appreciation, the company said.
Recent homeowners who believed the housing market would continue its break-neck pace or used flexible mortgages to make a purchase may be feeling a sting, the company said.
As much as $1.5 trillion in adjustable-rate mortgages are due to have their rates reset this year, according to the Mortgage Bankers Association. Many recent homeowners are already struggling to make those higher payments and are drifting toward loan default and foreclosure, said James Saccacio, chief executive officer of RealtyTrac.
"As more and more of these loans re-set, we saw a surge to finish the year, with the fourth quarter producing more foreclosure filings than any of the three previous quarters," Saccacio said.
While the increase in foreclosures could add to a glut in housing stock "most local markets have been able to re-absorb foreclosure homes without seeing any major damage to the local economy," Saccacio said.
Colorado, Georgia and Nevada saw the highest foreclosure rates, the study found.
© Reuters 2007. All Rights Reserved.
More than 1.2 million foreclosure filings were reported nationwide during 2006, which is a rate of one foreclosure filing for every 92 households, according to RealtyTrac, Inc.
The jump in foreclosures last year marks a return to normal levels as the housing market cools from multiyear highs of sales and appreciation, the company said.
Recent homeowners who believed the housing market would continue its break-neck pace or used flexible mortgages to make a purchase may be feeling a sting, the company said.
As much as $1.5 trillion in adjustable-rate mortgages are due to have their rates reset this year, according to the Mortgage Bankers Association. Many recent homeowners are already struggling to make those higher payments and are drifting toward loan default and foreclosure, said James Saccacio, chief executive officer of RealtyTrac.
"As more and more of these loans re-set, we saw a surge to finish the year, with the fourth quarter producing more foreclosure filings than any of the three previous quarters," Saccacio said.
While the increase in foreclosures could add to a glut in housing stock "most local markets have been able to re-absorb foreclosure homes without seeing any major damage to the local economy," Saccacio said.
Colorado, Georgia and Nevada saw the highest foreclosure rates, the study found.
© Reuters 2007. All Rights Reserved.
Saturday, January 20, 2007
No More Anonymous Comments
Let's try it neighbors. Todd in #122 is right and we've been disrespectful at best recently. From now on sign at least your first name to your comments. Your Blogger (Howard)
Above in response to what Todd in #122 Wrote...
To Parkridge Blogger: I think the intent of the person who wrote the original "I like my investment..... more than blogging" was to identify or prohibit individuals like the one who wrote the above comment from making comments like that. Or at least make them have a second thoughts about writing stuff like that. If someone who was considering buying a unit here, they would surely have second thoughts about moving in after reading something like that, (or at least make sure I wasn't going to move next door to them). I have to admit most of my comments have been on the opinionated side and I haven't always spoken kindly, approvingly, or enthusiatically about everthing that goes on at Parkridge, but at least I sign my name to my comments. I know you have disagreed with this in the past, but I think you should require people to sign their comments as soon as another persons' name gets mentioned. Since you've put this blog up, no ones ever come to my unit, vandalized my property, or got in my face over stuff I've written. It's just not that big a deal. I know the purpose of this blog was to create a place for residents to vent, or provide information, or disagree with the policies of the new board, but, I think that you have to agree that there is nothing in the comments preceding the one above that warrants a response like that. Todd in 122 P.S. I'm voting for you in the next election, too.
Above in response to what Todd in #122 Wrote...
To Parkridge Blogger: I think the intent of the person who wrote the original "I like my investment..... more than blogging" was to identify or prohibit individuals like the one who wrote the above comment from making comments like that. Or at least make them have a second thoughts about writing stuff like that. If someone who was considering buying a unit here, they would surely have second thoughts about moving in after reading something like that, (or at least make sure I wasn't going to move next door to them). I have to admit most of my comments have been on the opinionated side and I haven't always spoken kindly, approvingly, or enthusiatically about everthing that goes on at Parkridge, but at least I sign my name to my comments. I know you have disagreed with this in the past, but I think you should require people to sign their comments as soon as another persons' name gets mentioned. Since you've put this blog up, no ones ever come to my unit, vandalized my property, or got in my face over stuff I've written. It's just not that big a deal. I know the purpose of this blog was to create a place for residents to vent, or provide information, or disagree with the policies of the new board, but, I think that you have to agree that there is nothing in the comments preceding the one above that warrants a response like that. Todd in 122 P.S. I'm voting for you in the next election, too.
Thursday, January 11, 2007
I LIKE MY INVESTMENT OF MY HOME A LITTLE BIT MORE THAN BLOGGING
Anonymous has left a new comment on your post "Diversified Gives Parkridge 60 Days Notice":
I want to propose an idea to the person who oversees this blog. I am a homeowner here. Not a board member. Just a homeowner who likes her investment. I also enjoy blogging. However, I LIKE MY INVESTMENT OF MY HOME A LITTLE BIT MORE THAN BLOGGING. I want to see the value of my investment appreciate and am afraid with all the drama that is on here that people who are potential buyers will do some research and find this blog and think, "Oh God. I won't buy there!" Granted, this blog does provide good information. I am thankful that the person who had her identity stolen informed us all of her pain. If we do get an outgoing mailbox here, I will never put mail in that thing. However, folks, let's think about this logically. We want to sell our investment here one day. We want to sell it for more money than we paid for it. It doesn't help us that we have a blog open for public view then! My solution would be this, fearless blogger. Those who want to read this blog would have to sign up for it. I think that blogspot does have a way to do that. That way, we can complain all we want, but with some sense of knowing that we're doing the best we can to protect our investment without violating our free speech rights. Before you all begin complaining, think about it for a second. I know it's not a perfect solution, but at least it's something-something to help us get better value in the long run for owning a condo in Park Ridge. I hope this comment sees the light of day.
I want to propose an idea to the person who oversees this blog. I am a homeowner here. Not a board member. Just a homeowner who likes her investment. I also enjoy blogging. However, I LIKE MY INVESTMENT OF MY HOME A LITTLE BIT MORE THAN BLOGGING. I want to see the value of my investment appreciate and am afraid with all the drama that is on here that people who are potential buyers will do some research and find this blog and think, "Oh God. I won't buy there!" Granted, this blog does provide good information. I am thankful that the person who had her identity stolen informed us all of her pain. If we do get an outgoing mailbox here, I will never put mail in that thing. However, folks, let's think about this logically. We want to sell our investment here one day. We want to sell it for more money than we paid for it. It doesn't help us that we have a blog open for public view then! My solution would be this, fearless blogger. Those who want to read this blog would have to sign up for it. I think that blogspot does have a way to do that. That way, we can complain all we want, but with some sense of knowing that we're doing the best we can to protect our investment without violating our free speech rights. Before you all begin complaining, think about it for a second. I know it's not a perfect solution, but at least it's something-something to help us get better value in the long run for owning a condo in Park Ridge. I hope this comment sees the light of day.
Diversified Gives Parkridge 60 Days Notice
Anonymous said...
Information update, in the board meeting that was held at the clubhouse on 1-10-07 Diversified owner stood up and said his company will no longer manage our property. I know he gave some letters to the board and said they have 60 days notice to take over or find another company to take it. What will this place turn into with no one to pay our bills and what not? I think they had enough of the complaints about problems as home owners we should take care of on our own. Or was it too much of Rene and his accountability sheets? Either way they are gone.
10:58 AM
Information update, in the board meeting that was held at the clubhouse on 1-10-07 Diversified owner stood up and said his company will no longer manage our property. I know he gave some letters to the board and said they have 60 days notice to take over or find another company to take it. What will this place turn into with no one to pay our bills and what not? I think they had enough of the complaints about problems as home owners we should take care of on our own. Or was it too much of Rene and his accountability sheets? Either way they are gone.
10:58 AM
Tuesday, January 02, 2007
Rogie Arellano - New Diversified Manager
Our new property manager from Diversified Real Property Management is Mr. Rogie Arellano. His email is rogie@diversifiedrealpropertymgmt.com.
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