Condo Quotations

My father moved out to Park City in in the mid-'70s and lived in a Winnebago behind a hippie joint called Utah Coal & Lumber that was one of only two or three restaurants at that time. Park City was a sleepy little mining town, with not a condo in sight.

When you live in a condo complex with people next door, I don't know how you can be dead for four months without anybody noticing you not coming and going.

I would choose a condo again because I don't have to be the one who mows the lawn or has to get the roof fixed,

I was surprised that it still existed, ... that it hadn't, in fact ... been swallowed up by developers. And I went down, and there it still was, with two condo outfits on either side of this beautiful stretch of beach, but it was like they were moving one foot forward every day, and they were about to get it.

Some condo owners have 'bare walls coverage', which means that the building pays for everything from the drywall in, ... It depends on things like whether you own the four walls of the condo, or just the airspace in between them. You might not be responsible for insuring the walls, for example, but you might have to insure your wallpaper and cabinetry.

My daughter and son-in-law sold their condo (because of a troublesome downstairs neighbor). They are in a rental waiting for the market to go down, and I think they are right in doing so.

My first five transactions were from people who presently live on the river and want to stay there. Their homes are worth a lot of money, and they want to move into a condo with no maintenance that has a sense of community for a half a million.

If the roof of your condo gets damaged, for example, and water leaks into the unit, the master policy would cover the roof repair but not individual unit repairs to things like the ceiling, walls, carpets or furniture,

Most people see condo living as somewhere between owning your own home and renting an apartment, but it's more like owning your own home. There's a responsibility that each homeowner has, whether they accept it or not,

I got a, you know, I stay in a little suburb, nice little like uh condo a little crib, know what Im saying? Got a couple dollars now.

Imagine taking the island named after the greatest conservation president of all time and turning it into condo developments? I don't know what even to say about that.

I think condo conversions will continue to be a more feasible option for people looking to buy. As opposed to the higher priced high-rises, and with the median price for all condos continuing to rise, the value provided by conversions makes them more palatable for a lot of buyers.

I'm here because I have 40 projects that are hung up right now. We have to fish or cut bait here. To just stop condo conversions will just escalate the price of housing.

It doesn't mean that everybody's condo went up 37 percent. It means they built more expensive condos.

I think we're about to face a glut. There's been a tremendous surge of condo construction and also condo conversions over the past couple of years.

The analogy that I like to use is it doesn't do a lot of good to buy a condo on the beach that the mortgage is so high on it you can't put any furniture in it. You have no couch or TV. And a part of this process is to be able to inspect that condo and make sure that it's worth what you think it might be worth.

We got to go to Lucas Ranch and, at that time, my brother was still living in a condo about a mile from Robin Williams, and so I made all of the other comics jealous because I got to get a ride home with him.

When a unique condo design comes on the market, it does sell really quickly. It's quite true that they're getting better. We're seeing better detail and they're more appealing.

We have seen an increase in travelers during the spring holiday over the last two years, and we know consumers are increasingly looking to book vacation rentals as their accommodations. We are very confident that this trend will continue, so the city of Panama Beach is investing in its infrastructure as investors unfold their plans for vacation lodging. In fact, the number of condo properties is projected to increase from 83 to 130 between 2006 and 2007 and the number of condominium units is forecast to increase from 8,712 to 27,929 -- a 320 percent increase.

We're still talking to condo developers, but our purpose is to create very traditional-style duplex condominiums. They will be very single-family in appearance.

Did you know that the state is the proud owner of a condo complex in Conway? This budget adds a real estate manager position to assess what we own, and sell those properties that we don't need and shouldn't own.

What's changing is, a lot of hotels are going by the wayside. We have to go into the condo market to get some of the rooms back.

The railroad is our only way in and out. In the bad flood of 1997, we walked the railroad tracks into town and rented a condo for three months.

We already paid for this condo for two weeks, and we had to get there.

Some people who have been coming for years may be upset that it's not going to be there. But some would like newer facilities, and some would like to buy a condo there.

This condo hotel thing -- those are really starting to pop up all over the place." ()

You not playing condo canyon golf. We're out in the Arkansas River Valley. We don't require carts, and we encourage you to walk. It's truly a walk in a woods.

I'll be dead before condo prices exceed single-family because of the fact of where we are.

I lived in Miami before coming here, and you can just see how the beaches became condo canyons. There's always another deal.

I'm opposed to any kind of condo development in the harbor. I think if we go with something this soon of that magnitude, then we're really shortchanging ourselves the opportunity to guide our own growth. It's so out of the realm of what we really need. We want progress but this is our chance to guide it, not let it guide us.

I like Downtown and would like to build more Downtown. But a lot of it depends on the economy. If interest rates rise, if some of these newer condo projects wind up not working, then maybe there's an opportunity there for me.

I had a compact four-door. I used to drive around the condo complex and pick up everybody. I took the rap. I ended up paying all the insurance and damages.

Take downtown Seattle for example, where there seems to be condo projects springing out of the ground everywhere. The same thing's happening in downtown Spokane.

Dallas being a major metropolitan city that it is, I think, was just a couple years behind other cities in downtown condo high rises. We've looked a number of things within this market, but this is the only one now.

Condo conversion is rapidly running its very short course.

Condo converters are incredibly leveraged buyers. They are very sensitive to changes in interest rates.

It's possible the condo market could see a very big drop.

In one of our Virginia Beach condo units, the elevator broke with a resident inside it and was down for a week. The entire fourth floor is retired folks in their 70s and 80s, and they had to walk up four flights of stairs to get to their unit.

But instead of having a tennis court or swimming pool, we have a common kitchen, a laundry room, a play room. It's just a matter of what the condo values. And we have an organic garden instead of a golf course.

Buyers want to see a condo that is neat, clean and updated. When they walk in, it should be in move-in condition. People in Boulder don't want to come home and work on their houses, they want to go out to hike, bike and ski.

Buying an office condo is a built-in savings plan for a company.

Because of condo litigation in California, builders have to charge an extra $15,000 to $25,000 per unit.

It was just so crazy, the housing market then. People were saying, 'Get in on this condo because in three months it's going to go up $100,000.

These numbers include condo conversions and (that) activity increased sharply last year. Since they are lower-cost homes, they pull down the median.

The frenzied and speculative nature of the condo market during the summer months has now cooled down to a steady and sustained period of growth that bodes well for the future.

The empties have the resources. They want to own and they want convenience as the downtown redevelops. We had nothing condo until Grant Telegraph. It was very high-end, and it sold out, proving the market for that segment of empty nesters.

The condo hotel is a perfect fit for beach people. If they owned a regular condo, they would have had restrictions on how often they could rent it out. With a condo hotel, renting isn't a problem.

The condo market in Arizona is nuts right now. People can't go to California because you have to pay a million dollars, and condos in Vegas got expensive really fast. A condo on the outskirts of Vegas will cost $500,000. Arizona has been really hot for the past year, and probably will be for the next two years.

The condo market is going very well here in Tucson. Prices are escalating, and tenants have a great opportunity.

Forest City by nature and by history is not a condo developer. We're looking for cash flow because we're a public company, but we also like to own properties for a long time. The idea was that we were going to build the first new loft building. There will always be people who want to rent and people who want to buy.

The numbers indicate that demand for housing has pushed buyers out to the western counties where real estate is still affordable. The higher percentage increases in condo sales in those regions indicate that many first-time buyers are entering the market in those areas.

As a condo owner, I would want to be sure my policy would cover the difference between my deductible and the condo policy's deductible, if I am required to use the building's insurance for something like a burst pipe. If their deductible is $1,000, and the deductible on your policy is $100, all you may have to do is kick in that $100 and your policy will add the subsequent $900.

It's a big deal because the market is so tight to begin with, and they're one of the major players in the condo market as well as the homeowners market. It just puts a lot of stress on the market.

This may reflect the widely predicted cooling of the condo market in some parts of the country.

There were a lot of buyers from South Florida that were looking for condo conversions.

The lots next door have sold for $330,000 and $360,000. But back in 1996 when we bought our place, this cost us just $85,000 and we live on our Social Security. The cost of the condo we were in was going up, and the insurance money was running out. It took us 11 months before we could find someone to demolish the old house, remove the debris, arrange financing, and find a contractor to start construction on our new house.