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Reply to "Signs of a dysfunctional condo association [DC] "
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[quote=Anonymous]BTW in last financial crisis is was owners not renters that was a lot of issue. My building is non Fannie/Freddie eligible and lots of banks wanted 25% down in a rental. Primary owners it was only 5% down. Out value at peak 2006 price was $435k a unit. At bottom of market it was $290k a unit. To add to it landlords do cold hard calculations none bought at peak. At bottom 2011-2016 a handful of landlords bought cash. Since 2017 been primary owners once again paying peak prices. The last landlord who bought with a mortgage was 2003. [/quote]
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