12-20-2018, 05:16 AM
(12-19-2018, 12:40 PM)Viewfromthe42 Wrote: Condos are often defacto rentals. Estimates I've heard for Kaufman are in the 60-80% rented-out range. It's easier to build condos for renting out than rentals, IIRC, due to lower taxes, higher rate of return (condos tend to be better appointed than many rentals), and instead of asking one institution to front the tens of millions for a rental, you get individual investors - who the government never wants to see lose a dime on housing value - collectively front the money.
Kaufman is the highest rental ratio around, probably 80-90%. Other buildings are lower -- ours is around 25%. Once there are more rental buildings available, though, the demand for rental condos will drop, and the owner-occupancy rates will start to creep back up.