As numbers of rental units rise, myriad problems can develop for owners: "When renter populations pass the 50 percent population threshold, many lenders will still make home loans, but at a higher cost to borrowers. A high renter population also can make it more difficult for condo associations to borrow money for maintenance projects, said University of Illinois political science professor Evan McKenzie, the author of “Privatopia,” a book about the growth of homeowner associations in the United States. “Usually, the banks want no more than 20 percent of the units rented out to make a loan,” he said."
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Good article by Emmett Pierce on one of the problems that has hit CIDs with the housing market in the dump. Little quote by yours truly.
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