09-26-2016, 02:20 PM
(09-26-2016, 01:10 PM)nms Wrote: Either way, there is a certain segment that are crowding out others who, since they can't afford to purchase a condo unit, must rent from someone else who bought it instead.
Some people actually don't WANT to own a condo and would prefer to rent. (I know some personally, too.) And if rents are low relative to property prices, renting may be more financially attractive than buying, too.