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1: Dec 4, 12:27
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3: Dec 4, 02:38
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Posts: 165
In response to
"
because you're not buying a piece of the building ... -- nm
"
by
Beryllium
So all you own is the right to live there? -- nm
Posted by
Subversive
Jun 16 '09, 08:38
(No message)
Responses:
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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