August 11, 2009
Hawaii luxury condos hit by recession and swine flu
The Hawaii luxury condo market is taking a beating along with the rest of the luxury real estate markets, with rising foreclosures, but this is causing issues for those in good financial standing as well as those foreclosed upon. The amount of foreclosures is meaning that, in some cases, as many as 20% of the units in some developments are delinquent in paying maintenance fees to the homeowner’s association or condo boards.
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