Well, I observed two new rental signs today, and added my own to make it three. The reason so many people are renting is to protect themselves from the uncertainty of the board's decision making regarding a special assessment.
From my perspective, much better to have a loss on my income tax, and treat any "gain" on sale as a capital gain. The chance of any significant gain would be at least 10 years..and then it would be a very small margin after sales costs..so..I will rent this unit.
I placed the sign up today!
