The Columbus Dispatch: It’s condo conundrum
The Dispatch wrote It’s a condo conundrum
Owners look to lease unsold units, which can scare away buyers
Wednesday, November 21, 2007
By Debbie Gebolys and Mike Pramik
The “for lease” signs are going up at central Ohio condominium complexes, to the chagrin of owners who paid full price to buy there.
Developers who have been trying to sell condos in a weak real-estate market now are offering to lease them with the option to purchase, while slashing prices. The deals are being made in far-reaching suburbs as well as Downtown.