Must be a popular month for that sort of thing. I just got my "we're going condo" packet last Friday.
Having lived in this apartment for as long as I have, I am quite amused at the frankly obscene amount of money they are intending to charge for it ... and that's my special "You've lived here forever" buy in rate. Sale price to the general public will likely be around $300K, for a 25+ year old townhouse. I am not interested in the buy in at this point. The inconvenience of the prep work they have to do for the condo conversion is going to be extreme, and could include the complex owners having all of my shit placed in storage and moving me and a suitcase into an apartment temporarily while they "fix up" the place ... which in this case means replacing all the windows, putting in a water heater (there is currently one massive water heater which serves the whole building), ripping out all of the flooring (which is rumored to contain asbestos) under the carpet, replacing the carpet, replacing the bathroom fixtures and tile, replacing the kitchen appliances, counters, and cabinets.
I knew this was coming, it was just a matter of when. One thing that was interesting was the the complex was underoccupied for a very long time, and this blocked the sale from the previous ownership to the condoconversion guys ... so they ran all kinds of specials, started allowing pets, etc., etc. ... bingo, full occupancy ... and THEN the condo conversion was announced to all the new residents, who hit the roof. The new neighbors started complaining to me about it ... they became most unhappy when told that everybody else has known the conversion deal was in the works for the last two years.
This isn't the first time I've been subjected to this. The year I graduated high school the place my family and I had been living went condo. That's when we came to this complex the first time around.
I need to start saving boxes.
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