condomunium

Street Cents
4:30 am
Tue January 3, 2012

Not all condos are buildings in the investment world

When you invest in a parking space ... it can be kinda like investing in a condo.
Steve Rhodes Flikr

When most of us talk about condos, we’re usually referring to buildings with apartment units that are individually owned.  But as real estate appraiser Richard Hagar tells KPLU’s John Maynard, a condominium is technically a type of ownership.

So you can also "condominiumize" other types of property. Hagar says it's a hot trend for investors. 

Condo parking spaces

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