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Do association loan repayments diminish property values?

| Massachusetts |   Condo Association Loans |  


Question:

I live in a small condo complex in SE Massachusetts. After 34 years our roads and driveways need replacement. We are able to get a loan from a bank to cover these expenses, but some owners believe getting a loan and paying it off over time through our condo fee will diminish the value of the property. If we do this are there any negatives connected to doing something this?


Answers (6)

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