I apologize for the late notice, but we won't be having our regularly scheduled Real Estate Live chat today. I was rarin' to go, but outside forces intervened. Let's blame it on LeBron James. Or BP. Or Lindsay Lohan's manicurist. The chat will be back as scheduled on July 23. Thanks for your patience, and have a fantastic weekend.
Real Estate Live chat reconvenes today at 1 p.m.
Considering how much of the Washington area housing stock was built before 1978, when lead-based paint was banned by law, the new EPA rules set to kick in next Thursday will affect a lot of us. As of then, contractors working on all but the tiniest home-repair jobs will have to abide by strict rules designed to keep lead-laden dust contained to the work area and cleaned up thoroughly when the job is done.
John McClain, senior fellow and deputy director of the Center for Regional Analysis at George Mason University will be my guest on the Real Estate Live chat at 1 p.m. Friday.
We had a particularly active online chat on Friday. This was one of the questions I couldn't get to within that hour. Next chat is scheduled for Friday, Oct. 2. Outside Annapolis: Hello, and thank you for the chats! I am desperate for some advice right now. It's another of those "appraisal came in too low" type questions, but with a twist. I tore down the old house I'd been living in for 10+ years, and the new house is under construction. I guess I should have anticipated cost overruns, but I was naive.
Washington, D.C.:I have two homes, a condo in D.C, and a condo in Florida, which I rent out at a loss. I would like to refinance the Florida condo but cannot because it's a second home and "under water." Could I take out a home equity loan on my D.C. condo (where I have lots of equity) and pay off the Florida place?