After successfully weathering the recession, many rental buildings throughout the Bay Area are switching over to condos, as they were originally designed. Taking advantage of the low inventory currently available, buildings from Emeryville to San Jose are selling quickly. According to Michael Reynolds, managing partner of Embarcadero Pacific, "Rents are rising too quickly that if you can make a down payment, the cost of ownership is lower than leasing." [SFGate]
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