(01-24-2017, 09:45 PM)tomh009 Wrote: Why do we care who owns the units in a condo building? And where they happen to live? Are rentals inherently bad?
To an condo owner living in a condo, yes, rentals are bad. They change hands frequently, and the tenants tend to care far less about the building than those who own and live there - their "home". We left the Kaufman Lofts after the building slid downhill due to all the rentals - it was something like over 50% at the last AGM. They were talking about trying to cap it but it was too late. The noise from parties and overall condition of the building deteriorated rapidly.
...so seeing the "investor" button and option to buy 10+ units kind of makes me barf a little.