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School me on Commercial Condos

Old 12-13-2010, 05:20 PM
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Default School me on Commercial Condos

Well... I'm throwing my hand up on this one. I have no clue.

I've been reading and reading and reading the rules and bylaws for lots and lots and lots of different commercial condos and I have to say, I don't understand it at all. One of them is specifically an "Industrial Commercial Condo" yet they won't let you cut wood. I mean... You can't cut wood? Come on now. Same place, you can't have any pets on the property anywhere... not in the unit, not in the common areas... no where. WTF? I can't bring my own dog to work? Really now.

Anyone here own one or more of these things? I know they have to be MUCH less valuable when the places I'm looking at sold for $270K at the height of the market, and now they go for $110K. Mean while, the same type of space in a free-standing building went for $700K during the height and now go for $275K.

But still... I just don't understand what I'm missing. Are they basically designed as glorified storage units with an office in the front? Is there some kind of "rule" that I'm missing? I've been reading these things for months now, and I swear they are getting more insane as I read them.

Thanks for any input!
Old 12-13-2010, 05:38 PM
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Buy a Time Share instead.
Old 12-14-2010, 09:13 AM
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Simple. Just like any other condo, just not for residential purposes. If the rules don't appeal to you and your purposes, don't buy it.
Old 12-14-2010, 02:41 PM
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Originally Posted by Cat-a-holic View Post
Simple. Just like any other condo, just not for residential purposes. If the rules don't appeal to you and your purposes, don't buy it.
I understand, I was just wondering if I'm interpreting them incorrectly...

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