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Condo HOA is being a landlord instead of selling the units.
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2010 Oct 7, 4:21pm 1,404 views 0 comments
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http://sfbay.craigslist.org/pen/apa/1993892064.html
This is a condo complex near my place and I can't help but to speculate based on the ad above that they have unsold inventory that they'd rather rent out, than to sell at a lower price. Does any one think this practice is fishy? Where is the rent really going to?
Will banks follow the lead in the future?