Comments on: Long Beach Own Your Own-OYO-Owners Are Organizing for Condo Conversion-Breaking Long Beach Real Estate News

By: Thesa Chambers, Broker [Visitor]

Thesa Chambers, Broker [Visitor] — Thu, 01 Jan 1970 00:00:00 +0000

This is interesting – although we do not have these issues as of yet where I live – I find it very interesting. We have HOA issues which can be similar.

By: Laurie.Manny [Member]

Laurie.Manny [Member] — Thu, 01 Jan 1970 00:00:00 +0000

Hi Thesa,
Long Beach has many forms of ownership, a couple of which are rarely found elsewhere. Own Your Owns (OYOs) are an outdated form which really needs to be left in the past. There comes a time when it is just time to move on for the benefit of all. We have HOA issues in some Condo complexes here as well. This really is a very different and unique kind of problem that nobody seems to want to deal with.

By: Steve Robbins [Visitor]

Steve Robbins [Visitor] — Thu, 01 Jan 1970 00:00:00 +0000

Thank you for bringing this injustice to the light of day. If OYO’s were converted to Condo’s they could get financing. Condo’s provide an excellent path to home ownership. They are generally much more
affordable than a stand alone house.

By: Kaye Thomas [Visitor]

Kaye Thomas [Visitor] — Thu, 01 Jan 1970 00:00:00 +0000

We only had a few of these complexes in the South Bay… to my knowledge all but one has made the conversion from OYO to condo status. I know it took them years to accomplish but it was worth it for the home owners. You are so right that this is an outdated form of ownership