Originally Posted by
mikeg19
What I'm wondering is why the Book isn't renting these condos. Instead of getting absolutely no income from these things, why not rent them?! Someone yesterday on the radio also mentioned that the association fees on these condos are insanity, like in the neighborhood of $700-$800 a month. Not sure if that is accurate or not, but that would certainly stop me from buying one. But what I took away from the story is that as far as the bank is concerned, the Book is up to date. Yes, problems below the surface, but nowhere near panic mode yet.
I also find it amusing that The Broderick is having no problem "renting" out its most prestigious apartments.