ST Alpha - "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" (Reading a Post)

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In response to "So all you own is the right to live there? -- nm" by Subversive

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

Posted by Andie (aka Andie) Jun 16 '09, 08:40

and often your mortgage rate is slightly higher.

(that's for toronto, of course.)

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