2006-08-14 13:29:26 · 7 answers · asked by mannymota 2 in Business & Finance ➔ Renting & Real Estate
There was talk in florida about doing that the Real Estate market there sucks and there lots of condos sitting and not selling
2006-08-14 14:06:22 · answer #1 · answered by Chris N 2 · 0⤊ 0⤋
Not quite condos into apartments, but there are some Condo conversions that are failing to sell the minimum number of required units in a specified period of time and are reverting back to apartments.
However, these buildings never actually became condos with seperate ownership.
2006-08-14 17:53:53 · answer #2 · answered by HMMMMMM 3 · 0⤊ 0⤋
They usually go the other way. Condos are worth more than apartments.
2006-08-14 13:34:44 · answer #3 · answered by goose1077 4 · 0⤊ 0⤋
Chris N. is right...saw it on tv and read it on the web...might be happening more nation wide or in certain markets if interest rates rise and price people out of buying
2006-08-14 14:57:27 · answer #4 · answered by Library Eyes 6 · 0⤊ 0⤋
Sometimes owners rent their units so it is like an apartment, but I have never heard of a reverse conversion.
2006-08-15 01:27:59 · answer #5 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
Nope....i usually see them going the other way...apts. into condos.
2006-08-14 13:34:32 · answer #6 · answered by buttercup83 3 · 0⤊ 0⤋
stranger things have happened
2006-08-14 13:37:14 · answer #7 · answered by dale 5 · 0⤊ 0⤋