Not all buildings were eligible for all types of financing. For example, FHA loans often required at least 50% owner-occupancy within the complex.
In 2017, buying a condo in Los Angeles was a strategic alternative to the increasingly expensive single-family home market. The year was marked by a healthy, rising market driven by strong demand and limited supply, with condo prices heating up across various neighborhoods. 2017 Market Overview & Pricing buying a condo in los angeles 2017
Experts and market reports from that period highlighted several critical factors for prospective condo buyers: Not all buildings were eligible for all types of financing
Experts like Josh Flagg emphasized buying for the view , noting that while buildings age, a premium view remains a primary driver for resale value decades later. noting that while buildings age