Why apartments and not condos? (Albany, Saratoga Springs: for sale, real estate, rentals)

[Fearringtonflash]

I have noticed that almost the new buildings and renovated older buildings that are meant for residences around here are "apartments" for rent rather that "condos" for sale. I would consider buying one, but not renting. Yes, in Saratoga Springs there are a few for sale, mostly in the high hundred thousands, but most seem to be rentals. Is there a reason for this (e.g, tax preference for the builders, etc), or is the capital region just different from others in the nation?

[hock41]

Originally Posted by Fearringtonflash

I have noticed that almost the new buildings and renovated older buildings that are meant for residences around here are "apartments" for rent rather that "condos" for sale. I would consider buying one, but not renting. Yes, in Saratoga Springs there are a few for sale, mostly in the high hundred thousands, but most seem to be rentals. Is there a reason for this (e.g, tax preference for the builders, etc), or is the capital region just different from others in the nation?

They just sold a bunch of condos at Chapel Street in Albany I would look here if they have more available: 17 Chapel - Luxury Condos in Downtown Albany, NY. Metropolitan. Classic. Upscale..

Generally, condos are tougher to sell as they take a while. Apartments are cheaper and easier as investors can get a quick, easy return.

[yiplong]

Density and real estate price are not high enough in the capital region to make condos desirable to large section of buyers.

[Six jours]

Saratoga , its simply a gold mine for the rental market, $1600 for 2 bedrooms and you have a waiting list, why do Condos?