A girlfriend asked me at a party this weekend: So what exactly IS a condo conversion?
That’s easy, I said, It’s when a community that was once for sale converts back to being rental again.
Oh, I see, she replied.
Except she didn’t. Thankfully, she’ll probably never sue me for my humor because the truth is, nobody has any idea anymore who’s going condo or, more importantly, who’s turning back to the dark side “or, who’s turning back (but only half way); or even, who was turning back (but isn’t anymore because they think they might just pull it off – if only the Fed would stop screwing with the interest rates.)
Anyway, welcome to Rumor Control. If you have a rumor, I’ll be waiting!