ST Alpha - "because you're not buying a piece of the building ... -- nm" (Reading a Post)

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In response to "Why is that? I don't quite understand it. -- nm" by Subversive

because you're not buying a piece of the building ... -- nm

Posted by Beryllium (aka grayman) Jun 16 '09, 08:37

(No message)

Responses:

[deleted] 5
- Whereas in a Strata, for example, you own a set of physical dimensions called a Strata Lot ... - Beryllium Jun 16, 08:39 3
  - heh. you own air, I own paper. -- nm - mafic Jun 16, 08:46 1
    - and soon, hopefully, I will own land. -- nm - Beryllium Jun 16, 08:47
  - [deleted]
- but as a share, rather than a discreet section. -- nm - znufrii Jun 16, 08:39
So all you own is the right to live there? -- nm - Subversive Jun 16, 08:38 7
- technically I own shares in a corporation and lease the apartment from the corporation. - mafic Jun 16, 08:45 5
  - So it's cheaper because the pool of potential buyers is so much smaller? - Subversive Jun 16, 08:46 4
    - yep, and people that do have that kind of down payment can usually get bigger mortgages and buy bigger places. -- nm - mafic Jun 16, 08:48 2
      - Right, shrinking the pool of buyers even smaller. - Subversive Jun 16, 08:51 1
        
        [deleted]
    - [deleted]
- you own a percentage of the building. but it's run by the tenants not a larger company usually. you need a higher down payment usually - Andie Jun 16, 08:40

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