January 06, 2014
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, condo-owners at the landmarked American Tract Society Building a.k.a. 150 Nassau Street, swill be welcoming a Denny's restaurant, after all. Well, maybe "welcoming" is too strong a word. In Brighton Beach, the ultra-green condo at 67 Brighton 1st Lane may or may not still be called Bright N' Green, but it's back in the news. Upcoming Late Night host Seth Meyers buys in Greenwich Village. And condo owners at The Lennox say its construction was bollocksed. Plus: Tips on spotting a friendly / liberal co-op board.
September 10, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, there is no more important news for homeowners, including co-op and condo owners, than this: The Republican Party platform says Mitt Romney will push to eliminate the mortgage tax-deduction. The interest that co-op shareholders and condo unit-owners pay on their home loans would no longer be deductible on their federal income taxes. President Obama on Thursday specifically stated he would retain that important deduction.
Thinking of buying a co-op or condo? Already bought, and not sure how co-op/condo life and rules work? Learn all about purchasing a place and living in your new community. It's not like renting, and its not like owning a house. What's it like?