You are reducing the value of your condo! When time comes to sell you take out about 50% of the buyers that want to buy for investment. Many condo councils are voting out tenants (you then can only rent to family members) and yes they can do that! The idea seems to be that tenants are problems. Actually
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1. Gilbert, Phoenix 3 bed, 2 bath, 2 car garage, 1400 sq ft. new appliances, freshly painted inside and out. Large lot, nice pool. Nice neighbourhood with top rated schools. Close to shopping & Hwy 60 and Loop 202. Good tenants in place. Rented for $1250 / Price: $215,000. More info 2. Foreclosure in Surrey at Glencoe Estates 1550
A sharp reversal in Hong Kong home sales. Condos down 20%. Some panic selling (South China Morning Post). Further, the local Centaline Property Agency estimates that total Hong Kong property transactions in January were the worst month since 1991, when it started compiling monthly figures. In other words, the biggest drop in recorded history! A sale of a big condo
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18 Condos in a newly renovated, gated community in Phoenix, for just $1,495,000 ($83,000 per condo)
Foreclosure-needs court approval
1. EDMONTON: Two condos - one is $96,000 and one is $109,900. Only 1 block to the LRT just out of downtown. 2. We also have a developer blow out on a new 2 bedroom condo at $253,000. He will allow for free GST, a second underground parking stall worth $12,500, guaranteed rent for 3 months, plus a $3,500
Two condos
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