Monday, February 25, 2008

Lessons learned in condo market

Monday, February 25, 2008
By RYAN DEZEMBER
Staff Reporter

GULF SHORES -- The past four years on Alabama's beaches have provided plenty of learning experiences for condo owners.

There's been a duo of destructive hurricanes and subsequent increases in insurance rates, a boom and then a bust in the resort real estate market, a glut of inventory and falling prices, and the now the foreclosure-filled fallout.

What owners of the 13,604 condominiums on Baldwin's beaches should have taken from those times, and what they should look for going forward -- be it with their insurance policies, building construction or delinquent association members -- were the focus of Condo Owner Magazine's third educational symposium held Friday at Fort Morgan's Beach Club resort.

Click here to read the full article from the Mobile Press-Register.