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“That was a roller-coaster,” said Crystal Hunt, who bought her unit in 2015. “Things fluctuated so much, up and down, up and down.”
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About a third of the owners were, like Hunt, first-time homebuyers with young families, getting into a rising market. Another third were owners who had been there for decades, dating back to when the building was built in 1984, with many on low and fixed incomes. The last group were renters, with the bulk paying grand-fathered, more affordable rates.