Rent/Buy Combos

Random local real estate news:

Dan Ford at Ellisdale said a mix of rentals and for-sale condos is technically possible but not exactly the most attractive option from a marketing standpoint; however, their team has accounted for each scenario in their budgeting strategies, and SGA effectively opted for that on Capitol Hill when its Butterfield House condominium real estate project failed to sell all its units after 3 years of marketing and rented unsold units.


It seems to me that it’s too bad that you don’t see more developments offering rent and sales options simultaneously. If there were, you’d end up with a more transparent market and it would be clearer to people what kind of financial play they’re making when they choose to buy. Of course that may be what makes it not-so-attractive “from a marketing standpoint.”