FHA Condo - Economic lifespan of building?

[Couch Potato]

Rather than continue to argue with the underwriters I describe my estimate of the REL range, give a very brief description of the formula used to calculate depreciation, impose an extraordinary assumption because I didn't inspect the common areas of the development or any of the other private units, and indicate that the REL can be continually extended into the future with continual and routine preventive maintenance.

Often in times like these economic life has no relationship to the physical condition of the property.

 

[Mike Garrett RAA]

And all of that for $175....right? LOL

 

[goumcanes]

And all of that for $175....right? LOL

Wow Mike, I was literally about to post the identical comment but was thinking that $175 may be a BIT steep. After all, the bank, AMC, (and second AMC) if the order got funnelled twice needs to collect also.

 

[Couch Potato]

And all of that for $175....right? LOL

Or $105 as the case may be.

 

[CANative]

Tired of taking it up the wazoo? Stop turning and bending over for your prison buddy

To do this would I not need to be able to analize Population Growth and City Redevelopment

when it comes to some things and then just feel its ok to pull a number out of their rear on others.

Jimminy Christmas! I hope everyone is wearing a condo.

 

[Couch Potato]

Jimminy Christmas! I hope everyone is wearing a condo.

I'm going to restrain myself and not post a picture.

 

[CANative]

After your last picture I should think a modicum of restraint would be a good idea.