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Village co-op owners voting on condo conversion - MLive.com mlive.com
    Martin Bouma, a Realtor at Keller Williams who was involved with the conversion of the Geddes Lake development last year, said the fact that cooperatives involve unconventional financing scares off some potential buyers. Co-ops also generally can't be purchased as investments, because owners must live in them, another factor that hurts demand.

    "I can't see at all why they wouldn't do it,'' he said. "Anything you can do to increase demand is good.''

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