so there has been alot of talk at my work place of people looking into buy a home/condo. and that got me thinking, with all these new downtown condos poping up. what happens if you owed a condo in a smaller 2 story complex and the owner of the building wanted to sell the land to a developer? i assume it would be a different situation then a house were you physically own the building and the land. but a condo you only own a part of a building. do you get a 1:1 compensation? is it normally market rate for that kind of condo? let me know any input anyone out there may have.
not buying anything any time soon. just wondering