See this article (copy and paste in your browser) - this is the interesting thing about condos that become rentals - they are described as "apartments" but are named "condos." I am very familiar with both of these apartment complexes. It is the problem with letting condos go out as rental properties en masse. We are all sympathetic to the plight of someone who is having problems making the mortgage and cannot sell at this time. However, condos that are majority rental properties decline in value and insurance payments increase. In addition, the owners who are left must worry about the people who are renting (who are transient by description). Just a thought.........
http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/072109dnmetfire.5c981b48.html
1 comment:
Could not agree more!
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