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32) You own an apartment complex and you have raised rents as high as the market will allow. You have reduced costs to the bone.

32) You own an apartment complex and you have raised rents as high as the market will allow. You have reduced costs to the bone. The property still does not show a satisfactory return. What may the owner do?

a) make a major capital investment that will render the property more marketable

b) subsidize

c) refinance to reduce debt service

d) all of the above

33) what is the difference in a cooperative and a condominium?

a) one holds a deed and the other has a proprietary lease

b) one relies on a home-owner association and the other does not

c) both above are true

d) none of the above

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