NewWaveArch's definitions
A building built and advertised as being condos, but because of lack of demand or financial problems, the building turns into apartments.
Came about during the massive real estate downturn of the late 2000's.
Came about during the massive real estate downturn of the late 2000's.
That new building in Williamsburg was advertised as $800,000 condos, but because of the downturn, they're now nondos.
by NewWaveArch December 11, 2009
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