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Capital Inprovement Financing
that we needed to undergo a capital improvement project to fund it. If you could take the pulse of your

The Curious Journey of a Bill UNABRIDGED

Magazine Article by Ronda Kaysen on January 01, 2014

of Carlton Management. “They don’t have any fluff in their budget for unexpected capital expenditures
really like Steve's idea about paying money into the reserve fund each month via capital assessment
in the books by Michael Hudson,especially THE BUBBLE and BEYOND:FICTITIOUS CAPITAL, DEBT DEFLATION AND GLOBAL

JG

Hi JG, A capital assessment, of course, adds to the basis of each person's investment so
into the Capital Fund each month. Our NCB loan is self-amortizing and will be paid off in nine years (read
) of the apartment if the work done is considered a capital improvment, such as pointing, parapet work, window
, a manageable and expected permanent solution was needed to funding our Capital Fund. Our shareholders generally
that the smart way to pay for the looming capital improvements was through assessments, not hefty annual

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