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‘Broken condos’ new investment niche (access required)

by Becky Hurley

Published: September 18,2009

Time posted: 8:54 am

Tags: condos, investment

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Multifamily properties moving from owner-occupied to rentals It’s a new, if somewhat stigmatized, real estate investment category: “broken condos.” Three or four years ago, during the height of the residential real estate boom, some buyers, drawn by the promise of a carefree lifestyle, gravitated to condominiums. Developers around the country stood ready to answer demand, building thousands ...





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