Reply to Signs of a dysfunctional condo association [DC]

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A lot of rentals.  Low condo fees.[/quote]

I wouldn't say "a lot of rentals" is a red flag at all.  Low condo fees I agree with. [/quote]

I wouldn't want to buy a condo and live with a number of them rented out if there are only 6 units.  Living next to renters in a condo can be a nightmare when you are a condo owner.  Plus I think it affects the value of the property somehow, but I could be wrong.[/quote]

Agree, but there is no much control over the number of rentals. Any condo at any time can become rental unless the by-laws prohibit that [/quote]

Which makes the case that OP should read the bylaws.  Rentals should be limited to 25% of the units at any one time.[/quote]

OP here:upto  25% percent of rentals - is it the rule for DC or something?  [/quote]

No -- it can affect  the property value if it's more.

For example - https://www.washingtonpost.com/news/where-we-live/wp/2015/10/21/too-many-rentals-in-neighborhood-can-cause-property-values-to-stagnate/

You really need to research these things before you buy - you sound woefully under-informed re: condo ownership.[/quote]

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