Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

Q:       Recently some residents of our condo community have asked our Board to convert a portion of the common elements to a dog park. The Board appears to be seriously considering approving the request. Other residents are opposed. Our Declaration ...

Tagged with: dog park

“This is scaled-up group-think,” says investor and author Olly Newland in “The Day the Bubble Bursts”. “The persuasive mood switches from negative to positive, gradually super-positive, then hyped-up or hysterical.” The reversal of this sentiment happens a lot more suddenly, ...

Tagged with: history

Dear Mr. Berko: Please give me your thoughts on Tootsie Roll Industries. I’ve been buying Tootsie Rolls for over 50 years, and until several weeks ago, I did not know that this is a public company. I have enough cash ...

Tagged with: chocolate

Q:     The condo association where I live has arbitrarily chosen not to maintain common areas that have bamboo growing out of control. I have 6 years of work order requests to address the issue. Through the board’s negligence it is ...

Tagged with: bamboo

Q:       We live in 100 unit condo.   At least two of the condo board members live close to us. Since moving here about three years ago we have witnessed these board members, the president, the secretary, regularly reprimand other residents ...

Tagged with: president

Dear Mr. Berko: I’ve never seen you talk about Coty. I bought 1,000 shares at $31 in 2016, and it crashed before my check cleared. My Wells Fargo broker says I should sell the stock and buy a fancy annuity ...

Tagged with: Berko

Q:   I am sure you have written about this in the past but my girl friend and I plan to buy a condominium later this year. What advice can you give us?   Fred. A:     The first advice is that the ...

Tagged with: partnership

Dear Mr. Berko: My Morgan Stanley broker just recommended that I buy 800 shares of Mueller Water Products, which trades at $11.75. He insists it’s a good stock to hold for 10 years because the water facilities at most cities ...

Tagged with: water

  I attended every meeting and seminar my local REIA provided. How else could I possibly learn the business? (After all, they just don’t teach this in school) Some of them cost me money to attend. That hurt a bit ...

Tagged with: startup

Q:   In May, I was notified that the board of my condo association changed the condo rules (without amending the bylaws) to a rotational leasing slot system where it establishes a waiting list for people who want to rent their ...

Tagged with: waiting list