- 7 years ago
- Wedding: June 2012
I own a condo in a great location. The real estate market tanked soon after sales started, so the investor group that owns the comples rented out many units when sales dwindled. As a result, the community has become “unwarrantable” with many banks, which has hurt the sales of units.
In January, notices were sent that leases weren’t being renewed, an attempt by the owners to pull the complex out of unwarranteable status and sell units.
Sales did not pick up. The owners must have been losing too much money because they just signed up a new round of renters! The roads around the complex are clogged with U-Hauls. We’re so sad…we lost so many good friends and long-term neighbors over the last few months. Many did not want to go. 🙁
*Thanks. Vent over.*