Info Bytes 12.01.22

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N.B.  You will not find our incisive information on the CAI Exchange forum any longer.  Please consider joining r/HOA on Reddit.  Reddit relies on dedicated volunteer mods to help ensure reasonable threads and individual posts don’t disappear due to inappropriate moderation.

LAST CHANCE TO TAKE IT: 2023 Aspirations and Trepidation Survey


Condo Connection never asks for help funding our surveys because we believe you deserve access to critical information from your peers at zero monetary expense.  We also enjoy the flattery when CAI and FCAR imitate our survey themes!  Their  latest “snap survey” asks a handful of questions covered in detail by our 2022 Reserve Survey.


Moreover, FCAR primarily exists to support the industry of businesses represented by CAI, not to directly help common interest communities and their members who keep those businesses solvent.  CAI has about $15 million of annual funding.  FCAR's latest available Form-990 nonprofit 2020 tax return reveals $285,000 of revenue in 2020 and $152,250 paid to CAI as its "management company."  That lack of independence creates a conflict of interest when it comes to providing surveys that represent the best interests of common interest communities. 

2023 Aspirations and Trepidation Survey


SUPPORT

WE DO ASK for your general support every few months because providing this free resource is not a free endeavor!  Thousands of people visit Condo Connection every month seeking insights and answers.


If you’d like to support the expansion of this newsletter and free online resources offered by Condo Connection, you can donate, purchase a digital download, annual subscription or a festive digital gift card for you and your friends, neighbors, colleagues and community.


THANK YOU to all our supporters past, present and future!


Resource Updates


Safety & Security Page

📦📦📦   Packages & Presents   🎁🎁🎁   


🏠  HOUSING  🏡



As Rates Rise, More People Choose to Rent Single-Family Homes


Cost of Owning vs. Renting



Impending Doom for Home Prices?

Read it!: "Collapse" in home prices is coming, experts say - Matt Phillips | Axios | 11/28/22 

S&P CoreLogic Case-Sheller 20-City Home Price Index 2000 to 2022

💰 FISCAL RESPONSIBILITY 💰

Profound Financial & Economic Shift



The first transformational trend, El-Erian says, is the shift from insufficient demand to insufficient supply. The second is the end of boundless liquidity from central banks. And the third is the growing fragility of financial markets.


These help to explain “many of the unusual economic developments of the last few years,” he wrote, and looking forward he sees even more uncertainty as economic shocks “grow more frequent and more violent.” Analysts aren’t waking up to this yet, he added.


50/50 Recession Risk


Stagflation Risk - Bloomberg 5 Things to Start Your Day 11/28/22



This could get treacherous. While "pivot" talk has picked up, inflation is still extremely high. There are reasons to hope or believe that inflation has peaked, but not a ton of hard evidence yet. The fear, of course, is that economic activity starts turning lower before price gains really start to moderate, putting the Fed in a bind.


It Pays to Procrastinate…

- Brian J. O’Connor for Yahoo Finance 11/28/22

Fidelity Fixed Income & Bonds Page

SUPPORT: Condo Connection is a volunteer effort that helps fill an incredible void for common interest communities and their homeowners.  WE DO ASK for your general support every few months because providing this free resource is not a free endeavor.


We believe in transparency which is why we disclose our fiscal support.  In total, Condo Connection has received about $1,800 of support throughout 2022.  If that doesn’t sound like much, that’s because it isn’t.  Thousands of people visit Condo Connection every month seeking insights and answers.  Requests come in every week to provide more free resources, but very few people are willing to spend even $10.  


YOUR SUPPORT MATTERS.  Please consider supporting us if you and/or your community have benefited from our free resources.  Your contributions enable expansion of Condo Connection's ad-free newsletter and website.  You can donate, purchase a digital download, annual subscription or a festive digital gift card for you and your friends, neighbors, colleagues and community.  You can also share this newsletter and web links and encourage folks you know to join our free listservYOU can take action to support value-added alternatives to CAI that prioritize the interests of CICs and their homeowners.


THANK YOU to all our supporters past, present and future! 

Give the gift of Condo Connection this holiday season!

+++ Have a question that you'd like to ask directly to your peers?  Ask YOUR listserv! +++

Homeowners | Volunteer Leaders | Managers & Management Companies | Vendors

Support Ukraine

A Note About Ukraine

The people of Ukraine are undergoing tremendous displacement from their homes coupled with loss of life, tragedy and suffering.  Considering the global landscape can help us gain perspective in our daily lives.  CIC Info Bytes readers expressed their support for Ukraine last year.  Please voice your own support!