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Reiterating my comment on the blog here: Major issue with the article: Condos do not have rent control- They are treated as single family homes- The new owner
by DanBlake 12y ago
Reiterating my comment on the blog here:
Major issue with the article:
Condos do not have rent control- They are treated as single family homes- The new owner can simply raise the rent to market pricing at the end of the lease cycle. There are some rare outliers that can bypass this (such as if a tenant was present in the apartment when it originally converted to be a condo) but you should find that the vast majority of condos do not have this situation.
A much better analysis would have been on the sale of 2-4 unit buildings.