Condo Conversion Aversion
Real-Estate Slowdown Causes Condo Conversion Aversion
From the Wall Street Journal:Â 
“As double-digit housing-price appreciation cools in many markets, rental apartments once seen as ripe for conversion into more lucrative condominiums are beginning to return to their roots.
Michael Cohen, a research strategist at Boston real-estate analysis firm Property & Portfolio Research Inc., dubs the reversions “repartments.” “It’s definitely becoming a problem,” he says. “Some of these projects probably don’t look as attractive as they did six months ago when developers were buying the conversions.”
So far, the reversions are dwarfed by the number of units that have been converted into condos in recent years. But an emerging trend is evident as developers stuck with slow-selling condo units struggle to recoup part of their investment and as tenants gripe about being caught in the middle when their building swings from apartments to condos and back again.”