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Author's Posts

March 6, 2008

Think he's been reading Brownstoner?

Anyone else catch Ian Frazier's hilarious piece in the New Yorker this week? It's a send-up of a couple who've bought the state of Wyoming "as a teardown."

http://www.newyorker.com/humor/2008/03/10/080310sh_shouts_frazier

February 23, 2008

re-grouting?

I am moving into an apt. where the previous owner opted to put white tiles in the bathroom with dark grey/blue grout. I'm not a fan of this look. Can I put white grout on top of the current grout, or is it more complicated than that?

October 16, 2007

Threshold for Mortgage Insurance?

I was thinking of putting 15% down on a place I want to buy, but a friend just told me that anything less than 20% would trigger mortgage insurance. Is this true? I have good credit, no debt, overall good finances, etc.

October 11, 2007

Down Payment Gift Question

I am a first-time apt. buyer who is fortunate to be getting help from my parents in the form of a gifted down payment.

My parents have the intended gift in an investment account of their own, and were planning on keeping it there until I need it (presumably so it can keep earning money).

My question is, at what point do I need to have immediate access to these funds? Should I have this money in my account before I make an offer on a place? I understand that if my offer is accepted I will have to put 10% down upon signing a contract. How fast does this happen? Will I need access to those funds the same day?

Thanks.

Author's Comments

likewise - i'm interested in finding a carpet place that sells finished remnants as area rugs... (i am looking for 8x10). if anyone knows of such a place, please post.

Posted by: dpbuyer at March 24, 2008 11:20 AM in response to carpet remnants

I can't help it, listings like this make me smug about the $230K prewar co-op I just bought in Kensington/Ditmas - it is the same size as this listing, and needed no work. I moved from the PH/CH area b/c the prices were getting so out-of-whack. The museum, BBG, etc will still be there when I need them. I'll take more space at a fraction of the price.

Posted by: dpbuyer at April 10, 2008 2:21 PM in response to Co-op of the Day: 469 Eastern Parkway

Responses to Author's Forum Comments

You can see big rolls of what I think may be remnants (they are discounted) at ABC carpet in Manhattan - you can have them cut to the size you want and the edges bound.

Posted by: guest at March 25, 2008 4:15 PM in response to carpet remnants