• change of address

    Couple Remodels Wrong Condo (Theirs Was Next Door)

    LadySiren writes,

    Here's something I came across today: a husband and wife bought a condo, moved in, spent $30K on renovations, and then found out that they didn't own that condo, but the one next door instead.

    More »

    12:09 PM on Fri Sep 11 2009
    By Chris Walters
    25,009 views, 76 comments

  • recession watch

    New York Mayor Says Luxury Homeless Shelter Residents Shouldn't Get Too Cozy

    New York Mayor Michael Bloomberg told the Daily News that the residents of the swanky failed-condo-turned-homeless-shelter shouldn't get too comfortable. They'll need to move on. More »

    10:27 AM on Mon Jun 8 2009
    By Meg Marco
    7,118 views, 44 comments

  • recession watch

    New York City Converts Luxury Condo Into Homeless Shelter

    Could this be the nicest homeless shelter in America? The Daily News is reporting that the city is paying $90 a night per apartment for the use of a failed luxury condo development — which features granite countertops, marble bathrooms and walk-in closets. (The $90 a night figure includes social services, housing help and job counseling designed to get families back on their feet.) Local residents, some of them interested in renting an apartment in the building, are pretty ticked off. More »

    3:23 PM on Thu Jun 4 2009
    By Meg Marco
    12,094 views, 276 comments

    Most discussed squinko: "I'm a hardworking taxpayer, and I don't think homeless people should be living better than me," fumed Desmond John. That's a more »

  • ask the consumerists

    What Do I Need To Know Before I Refi?

    Martin is going to speak with his loan officer today about refinancing his mortgage as rates have been dropping. He wants to know what he should be aware of before he heads in there. He writes:

    I am going to meet with him after work today, but was wondering, what sort of things do I need to look out for, and know, going into this? This is my first mortgage ever (I'm 21) and don't know too much about what's normal and what's not. If you could give me any hints or suggestions, that'd be awesome! Thanks so much, and have a great day!

    More experienced homeowners out there, any helpful tips for Martin?

    (Photo: Getty)

    9:53 AM on Mon Dec 8 2008
    By Ben Popken
    7,569 views, 59 comments

    Most discussed IrvCrapper: Consider an ARM only if you plan on staying there for a short period of time - in which case, more »

  • videos

    Buyer Beware: The Condo Squeezeplay

    CBC Marketplace did an undercover investigation into buying a condo, and found that it's rife with risk for the buyer, while the sellers completely protect themselves. You get lured in by the model condo they set up, all spacious and with stunning views and stainless steel appliances and breakfast bar and all that jazz, but contractually, there's no guarantee that you will get that space. The contract pretty much says everything is subject to change, the floorplan included doesn't have any measurements or square footage, and there's clauses that say that any sales material or verbal promises made don't count at all. One contract lawyer says that any relationship between what you're told you're buying and what you end up with will be a "coincidence." Watch the video to learn more about protecting yourself from the condo bait-and-switch squeezeplay.

    What you should know before you agree to buy a condo [CBC]

    1:48 PM on Fri Jan 11 2008
    By Ben Popken
    3,095 views, 13 comments

    Latest by Prolific Programmer: @cobaltthorium: This practise isn't restricted to Toronto. more »

  • time shares

    The Best Way to Buy a Time Share: Don't

    "Time shares" are vacation homes that you buy the right to live in for a certain period every year. Theoretically, you and the other "owners" get to "own" a resort retreat for a fraction of the cost of outright ownership. More »

    5:11 PM on Wed Jun 6 2007
    By Ben Popken
    3,693 views, 39 comments

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