Rental restriction hurts property value since you shrink your buyer pool.
They might but a lot of lenders won’t lend on buildings with more than 30% rentals…A much bigger risk of loss of value…
These are not high end units, may be these are units in their class and location, but aren’t burbs are supposed to slow down first…or show reduction first…
When I make my own hoa it will be 50% renter max, but minim renter income of $200k
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Now, Fat Boy really does have a Death Wish…