Shared Ownership Horror Stories: What Are the Most Common Nightmares?
Well, financial issues are often part of these horror stories. Sometimes, one owner might not be able to pay their share of the mortgage or property taxes. This can put a strain on the other owners who then have to either cover for them or face the consequences like foreclosure. Also, there can be problems with decision - making. In shared ownership, decisions about renovations or big changes to the property need to be made jointly. But if the owners have different visions, it can turn into a horror story. For instance, one owner wants to modernize the kitchen while the others prefer to keep it traditional.
What are the most inspiring shared ownership success stories?
A group of artists in a city came together for a shared - ownership art studio. They bought a large industrial space. Each artist had a share, and they could use the space according to their needs. It became a hub for creativity, and they held exhibitions together. This led to more exposure for their art and increased sales. It also allowed new and emerging artists to have an affordable place to work and grow.
Shared Ownership Horror Stories: How to Avoid Them?
First, make sure to have a detailed legal contract. This contract should cover all aspects such as financial obligations, usage rights, and decision - making processes. It should also have clauses for handling disputes. Second, consider setting up a joint bank account for shared expenses. This way, it's clear where the money is going and who has contributed what. Also, regular meetings among the owners are essential. These meetings can be used to discuss any issues that have arisen or potential future changes to the property. And if possible, try to find owners with similar lifestyles and goals. For instance, if you're a quiet person, it might not be a good idea to enter into shared ownership with someone who likes to throw parties all the time.
Cat Ownership Horror Stories: What Are Some of the Most Common Ones?
Well, a lot of people have horror stories about cat ownership. For example, some cats are extremely picky eaters. They might refuse to eat the expensive cat food you buy for them and instead beg for human food, which can be bad for their health. And then there are cats that get into the habit of waking their owners up in the middle of the night by meowing loudly or jumping on the bed. It can be really tiring for the owner who has to work the next day.
What are the common home ownership horror stories?
Another one is dealing with bad neighbors. People might buy a house not realizing the neighbor is extremely noisy or has aggressive pets. There's not much you can do about it once you own the place.
PPP Loan Horror Stories: What Are the Most Common Nightmares?
One common horror story is the long and complex application process. Many small business owners spent countless hours filling out forms, gathering documents, only to be rejected without clear reasons. Another is the issue of loan forgiveness. Some borrowers were led to believe they'd easily get forgiveness but faced mountains of paperwork and strict requirements that made it seem impossible. Also, there were cases where funds were misallocated by lenders, leaving businesses in a lurch waiting for money that never came as expected.
SBA Loan Horror Stories: What Are the Most Common Nightmares?
One common horror story is the extremely long approval process. Some borrowers have waited months or even years, causing financial strain as they can't implement their business plans in time. Another is the strict collateral requirements. The SBA might demand collateral that is disproportionate to the loan amount, putting the borrower's personal assets at great risk. And then there are the complex paperwork requirements. A small error can lead to the loan being rejected, and it's often hard to figure out exactly what went wrong.
Can you share some shared ownership success stories?
One success story is in a housing co - op. A group of people bought a building together through shared ownership. They were able to afford a nicer building in a better location than they could have individually. They shared the costs of maintenance and improvements. As a result, the property value increased over time, and they also built a strong sense of community within the co - op.
Cell Tower Lease Horror Stories: What Are the Common Nightmares?
The most frequent horror story is unexpected termination of the lease by the cell tower company without proper compensation. This can leave the landowner in a lurch, especially if they were relying on that income. Then there's the issue of easement violations. A landowner might discover that the cell tower company is using more of their land than what was agreed upon in the lease. And in some cases, the cell tower can be an eyesore and the company doesn't take any steps to make it blend in with the surroundings as promised.
Flight attendants share their horror stories. What are some of the most common horror stories shared by flight attendants?
Well, a lot of flight attendants talk about horror stories related to turbulence. There have been times when turbulence hits so suddenly and severely that flight attendants and passengers are thrown around. Also, there are horror stories about lost luggage. Sometimes the luggage handling system messes up and passengers blame the flight attendants even though it's not really their fault.
Share some home ownership horror stories.
One horror story is dealing with a hidden mold problem. After buying the house, we noticed a musty smell. When we investigated, there was mold all over the walls in the basement. It cost a fortune to get it remediated.