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Condo's are now rentals


               
2012 Aug 1, 1:20am   4,315 views  5 comments

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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

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5   ELC   @   2012 Sep 24, 11:10pm  

gbenson says

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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