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Keep in mind that many greedy whores tried to buy apartment buildings and turn them into condos during this smoke and mirror bullshite. Surely, some of those are really just going back to what they were cheap rentals. Condos being rented out is another story if they started out as condos.
That being said, in our location, only about 20% of the condos are viable, the other 80% have restrictions or financial issues that prevent them from making a good rental.
And what's preventing them from becoming unviable once you buy them?
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I get on realtors mailing lists, since they watch the listings all the time, they filter stuff out. I noticed lower priced condo's are often rental option, is this becoming more common, I also noticed the associations are going along with it. I've seen an association go from pushing for over 50 year olds only can buy into the complex, all the way down to investors can buy and rent them. Who's pulling the strings here?
#housing