Cohousing-L Mailing List: Re: rental units

[Fpilotnov (Fpilotnov]

On 96-08-27 14:11:34 EDT, abarbaro [at] wheel.dcn.davis.ca.us writes:

<<<It has been suggested that when a condo development has over a certain
percentage of renters it becomes hard to finance when new people try to buy
a unit.>>>

As someone who has lived in and been on the board of a condo complex for
several years, that's supposedly the rule of thumb:  the higher the
percentage of renters, the harder to qualify for mortgage financing for
occupant buyers.  Especially once a project reaches 50 to 60 percent tenant
occupancy.


8/31/96 12:18:55 PM

Fred Pilot *** Pilot Group *** Novato, California *** fpilotnov [at] aol.com

Consulting and Alternative Dispute Resolution Services for California HOAs
"Experience from the trenches"

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