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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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