I received the following message from an owner that was seeking to refinance his AP unit: "I thought I would share a recent experience regarding our potential sale of the property. We are renewing our mortgage for one of our units and looked at moving to another lender. They had an appraisal of the property completed and the appraiser noted that the local media has reported that the strata has voted to 'WIND DOWN' the strata corporation and potentially sell to developers. The MLS listings for units in the complex indicate: 'Great investment. Potential Anchor Point Land Development proposals in the works. Priced below the proposed offering prices. Buy today and hold.' This report assumes that the subject is in transition for development and as such has approximately 5 years remaining economic life. Redevelopment in the foreseeable future is highly likely." The owners challenged this appraiser's interpretation of events. However, t...