Year: 2017

January 25, 2017

UNCERTAINTY AHEAD As Donald Trump settles into the Oval Office, the consensus economic forecast is “uncertainty” ─ uncertainty about the policies he will pursue, about the initiatives he will be able to implement, and about the impact they will have on the economy. Stocks and consumer confidence levels have both been riding a post-election bump upward for the past several weeks. Mortgage rates, which had begun to rise before the election, have continued to increase, [Read More...]

January 13, 2017

This past weekend many areas saw their first significant snow fall this season. If Associations have not done so already, it is not too late to adopt snow and ice policies which clearly (and correctly) establish the duty and responsibility for snow and ice treatment between those that unit owners are responsible for, those that the association is responsible for, as well as those gray areas in between. In Massachusetts, courts now evaluate liability for [Read More...]

January 13, 2017

Last month, I advised all Massachusetts condominiums to adopt master deed amendments banning the smoking, growing and/or distribution (if your condominium contains commercial units) of marijuana. Since, then you may have heard that the Massachusetts Legislature voted to delay the “marijuana bill” an additional 6 months.  What does this mean?   The legislative delay only impacts the licensure of recreational marijuana dispensaries. Basically, the legislature decided that it needed more time to propose and implement [Read More...]

January 6, 2017

PREMATURE ELATION When Steve Mnuchin, President-elect Donald Trump’s nominee for Treasury Secretary, said “getting Fannie Mae and Freddie Mac out of government ownership” would be a top priority, industry executives, who have long-advocated privatization for the two companies, cheered, and the stock of the two GSEs soared. But that exuberance may be both premature and irrational. A recent report by Moody’s Investors Service concludes that the costs and complexity make privatizing Fannie and Freddie unlikely [Read More...]