Crain's: Why a Chicago developer may be coveting your condo
This is a great article from Crain's Chicago Business that discusses the burgeoning condo deconversion phenomenon happening in Chicago and the suburbs.
Here's the quote that stands out to us:
“Hopefully, condo boards will figure out that they can make 50 percent more selling to these apartment idiots chasing a bubble,” says David Ruttenberg, principal at Marc Realty Residential, a Chicago-based apartment landlord. “Hopefully, I'm the fool they call.”