tag:blogger.com,1999:blog-21846828.post1811768294592065844..comments2024-01-14T16:01:08.962-08:00Comments on The Rational Realist: Rational Realisthttp://www.blogger.com/profile/08886526093283532105noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-21846828.post-38754839923788829662009-08-26T22:40:26.060-07:002009-08-26T22:40:26.060-07:00I guess that depends whether the condos were bough...I guess that depends whether the condos were bought closer to $539K per unit or $88k per unit. A fractured condo conversion can spell lots of trouble, especially like this property were a good number of units are sold. Foreclosed units not paying association fees and the the association has bills and obligations. Assessments on owners could be an issue. If the conversion is not complete, who will complete the unfinished units? A large number rental units could impact the overall condo values, i.e. hard to sell a condo when everyone else is renting. A deal like this while it looks good on paper requires due diligence.Rational Realisthttps://www.blogger.com/profile/08886526093283532105noreply@blogger.comtag:blogger.com,1999:blog-21846828.post-77038720526026997012009-08-26T19:16:03.328-07:002009-08-26T19:16:03.328-07:00what would be the negative impact on the owners wh...what would be the negative impact on the owners who bought units before the bank started foreclosing?Anonymousnoreply@blogger.com