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The Lazy Man’s Way To Celebrating Labor Day

September 7th, 2009 by Matthew C. Keegan | 4 Comments | Filed in Fun Stuff

Go back to bed. This day is for you.

Call the day what you want, but it certain isn’t a day to do any labor. Yes, today is Labor Day in the United States and in Canada, the one holiday designed solely in honor of the working man.

Labor Day? Play miniature golf instead.

Labor Day? Play miniature golf instead.

More than a century after the first Labor Day was celebrated in the US (we got that idea from the Canadians) what it celebrates has changed as well. Trade and labor organizations still march, but workers of all classes and collars (blue, white, pink, etc.) share a common goal and that is to enjoy fair wages for their work.

Political pleasantries aside, today’s celebrants are much more likely to be home-focused than they are to march in a parade or take in some other public activity. After all, just as Memorial Day weekend marks the unofficial start to summer, Labor Day weekend marks the season’s unofficial end or the last hurrah before the chill of autumn sets in.

Not sure what you’re going to do today? Me neither. But, the following ideas are worth exploring and you mull over your morning java:

1. Sleep In – Maybe you got up too early and forgot that today is a holiday. Why not take a few more sips of your coffee and head back to bed? After all, the rest of your family remembered and are still fast asleep. The next chance you’ll get to sleep in? Thanksgiving morning which is eleven weeks away!

2. Breakfast Bar – Your local waitress wouldn’t mind you stopping by your favorite diner or family restaurant even though she has to work. Rouse the family and head on out for a feast that you won’t soon forget. Don’t forget to be extra generous with your tip especially if the service was superb – pink collar workers rarely earn what they deserve.

3. Lounge Outside – Most areas of the country are experiencing normal temperatures this weekend which means that summer’s worst heat is nowhere to be found. Why not make the most of the day and enjoy the great outdoors? Don’t put away the barbecue and certainly give no thought to cutting the grass. You may feel up to doing some work, but why stress out your family members and neighbors?

4. Last Call – A lot of summer oriented places close up on Labor Day if they haven’t already done so already (with the holiday falling so late this year). Your town pool, favorite picnic area, miniature golf or other seasonal hang out may be shutting down. Or, if open longer, it just isn’t a place you’ll be heading back to now that the leaves are beginning to change and the pumpkins are ready for picking.

Enjoy your Labor Day. You didn’t need me to give you these four ideas, but since you’ve read this article this far you’re probably glad that I did.

Photo Credit: Vivek Chugh

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Condo Fees Are Up, Up, And Away!

June 23rd, 2008 by Matthew C. Keegan | 1 Comment | Filed in Home Buying, Home Tips

condo fees

The condominium market has imploded over the past year or two thanks to a downturn in the overall housing market and overbuilding in many local markets. Complete condo projects remain unfinished in Miami with some nearby completed units half empty due to foreclosure and/or a failure to sell.

Bad news for one person could be good news for another one, particularly for the investor who wants to snap a bargain while the market remains depressed. But, condo living isn’t for everyone and when condo fees are included, that bargain can quickly yield some nasty surprises.

Unlike most other residential housing options, condo costs are difficult to predict long term. Certainly, both the house owner and the condo dweller must pay property taxes, insurance, and similar expenses, but there are other costs which tend to go up much faster than the rate of inflation, expenses which are added to condo fees.

Let’s take a look at the charges which drive condo fees:

Age of Building — Newer projects don’t have quite the overhead of older buildings, namely the need to update or overhaul old equipment, repair fascia, replace flooring, paint walls, you name it. Your particular unit may have been updated, but the common areas may need a refreshing or, worse, a complete makeover. You’ll be responsible for a portion of these costs which are frequently added to monthly condo fees.

Utilities — Everyone is paying more for gas, electricity, and water. Condo owners are responsible for their share of the building’s utility usage and these rates have gone up dramatically over the past few years. Add in garbage removal, recycling, landscaping, sewer, and related expenses too.

Insurance — You have insurance on your own unit, but the association governing your building has to insure the entire property. Condos close to the ocean or in major cities have seen their rates skyrocket. These costs, of course, are passed on in the form of higher condo fees.

Of course, buying a condo may be the only option for people who have to live in a particular area. If you are planning to buy, examine the financial documents closely before you sign. Learn how much reserves the condo association has on hand to cover planned maintenance including a new roof, elevator, pool, etc.

If the funds are insufficient, you can expect your condo fees to increase dramatically even before maintenance is needed. That $225 monthly condo fee could suddenly jump up to $350 or $400 per month, a figure that must be added to your own mortgage costs, insurance, and property taxes.

Most defintely, if you are planning to buy a condominium, condo fees are going up and, in most cases, at a rate much faster than inflation. Think before you buy!

Resources

7-Step Home Buying Guide

Home Buying Map (download)

Lending Calculators


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