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The Round Table
The Price of A House
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<blockquote data-quote="RSteve" data-source="post: 570287" data-attributes="member: 164"><p><span style="font-size: 18px">Not in metro St. Paul-Minneapolis. It's going to get much worse. With St. Paul's new 3% annual rent control, most building owners will turn their buildings into condos, finance the sale, and adjust the association fee based on building costs, inflation, taxes, etc. </span></p><p><span style="font-size: 18px">As I wrote earlier, in St. Paul, most construction of apartment buildings has come to a halt. Those in mid-construction are being converted to co-op buildings or condominiums. </span></p></blockquote><p></p>
[QUOTE="RSteve, post: 570287, member: 164"] [SIZE=5]Not in metro St. Paul-Minneapolis. It's going to get much worse. With St. Paul's new 3% annual rent control, most building owners will turn their buildings into condos, finance the sale, and adjust the association fee based on building costs, inflation, taxes, etc. As I wrote earlier, in St. Paul, most construction of apartment buildings has come to a halt. Those in mid-construction are being converted to co-op buildings or condominiums. [/SIZE] [/QUOTE]
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