Lawmakers cracking down on unethical practices by condo associations State lawmakers have always looked to curb unethical behavior, and the trend is to continue. Recent grand jury cases have […]
Most guess wrong. A recent survey has been released for RealityShares, and it shows the highest performing asset classes since the turn of the century. The results demonstrate how […]
Lawmakers cracking down on unethical practices by condo associations
State lawmakers have always looked to curb unethical behavior, and the trend is to continue. Recent grand jury cases have seemed to be about condo associations and the giving of more rights to owners concerning the association’s financial records.
A bill passed through both houses of the State legislation and had broad bipartisan support.
Now, the new proposed law will move to Governor Rick Scott for approval. The new law would criminalize the act of giving kickbacks to condo board members, withholding or destroying financial records, fraud or theft of association funds.
On the flip side, some in the industry were alarmed by the new proposed legislation. Some believe that this will keep honest individuals from serving out of fear of being criminalized for errors or mistakes and that the bill seems to assume that all who serve have devious intentions.
Others joined in that sentiment feeling that the grand jury overreacted from the acts of a small few who were involved in actual criminal acts while serving on a condo association board.
All parties involved in this discussion do believe that ethical behavior should be of the highest concern for all who serve and an expectation of all condo owners have towards those on the board.
The disagreement lies in the actual need for a formal law to be on the record for Florida.
If Gov. Scott passes the bill, it will go into effect on July 1st.
Most guess wrong.
A recent survey has been released for RealityShares, and it shows the highest performing asset classes since the turn of the century. The results demonstrate how these investments are as well known to the public as some had thought.
Real estate investing seems to be underestimated and could lead to an upswing for this offering.
When the surveyed were asked to choose what they believe the top investment classes were, the majority chose stocks while only 16% chose real estate.
RealityShares mentioned that those who responded to the survey might have been basing their opinion on the recent climb in the domestic stock market. Obviously, unbeknownst to them was the fact that real estate outperformed the S&P 500 by a ratio of 2 to 1.
The report did highlight the fact that the S&P has outperformed real estate in the last six years, but only 1.28%.
A Definite Hunger
The poll went on to show that almost half of the surveyed said that they would be more interested in investing in real estate if there were technology available that made the research and the transaction process easier. Those numbers jumped to 63% for the millennials.
The report showed some other interesting points:
Now, not all the results were as positive.
Almost three-quarters of those surveyed felt that real estate investing was more difficult a process than other investable assets.
About 70% said the higher cost outlay of real estate investing would likely hamper their consideration of investing. Less than 40% stated that they felt that they had the ability for flipping homes.
Get the full report here and dig through the numbers and facts.
You Cannot Do That
UncategorizedLawmakers cracking down on unethical practices by condo associations State lawmakers have always looked to curb unethical behavior, and the trend is to continue. Recent grand jury cases have […]
Guess The Best Investment In America Since 2000
UncategorizedMost guess wrong. A recent survey has been released for RealityShares, and it shows the highest performing asset classes since the turn of the century. The results demonstrate how […]