Okay, please, the morons from the main part of the Brownstoner website, leave Forum now. You’re too freaky to be here. This is for the normal people who are simply seeking advice from other normal people. The weirdos belong on the other part of the site. That means you, 10:12.
Also, as an added note, Coop maintenance is often higher because it may contain an underlying mortgage on the building.
Due to the form of ownership, condo boards cannot take out mortgages on the building to do work or make repairs – This will come in the form of an “Assesment” if work needs to be done.
Just be aware if you buy a coop, you are also buying a portion of the debt on the building, so always find out how much the underlying mortage(s) is on the building and if the financials are strong.
Okay, please, the morons from the main part of the Brownstoner website, leave Forum now. You’re too freaky to be here. This is for the normal people who are simply seeking advice from other normal people. The weirdos belong on the other part of the site. That means you, 10:12.
Yeah, but co-ops are better when you want to keep out the jews, the goys, the blacks, or the gays.
Si
en fuego!
What are you talking about 10:12?
Wow! The forum is on fire tonight!
whatever
to 10:12pm.
I love your faux pas.
My name is Ysabelle not Ysabella
Ysabella please learn to speak English properly before posting to this blog.
You pay common charges every month to the condo association and you pay property tax to department of finance.
You write 2 checks.
Sometimes you can qualify for a rebate from Department of Finance.
Agree 100% with 9:58.
Also, as an added note, Coop maintenance is often higher because it may contain an underlying mortgage on the building.
Due to the form of ownership, condo boards cannot take out mortgages on the building to do work or make repairs – This will come in the form of an “Assesment” if work needs to be done.
Just be aware if you buy a coop, you are also buying a portion of the debt on the building, so always find out how much the underlying mortage(s) is on the building and if the financials are strong.