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Metropolitan New York City
Reply to "Buying in Manhattan--what's the scoop?"
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[quote=Anonymous][quote=Anonymous]Many co-ops are not interested in buyers who aren't living in their unit and will reject people who are looking for a pied-a-terre and will impose restrictions on renting out or similar (no airb&B etc). A friend of mine just bought a place with her partner (while married to someone else) and she literally had to face the inquisition as well as providing very detailed private financial information - more than would be expected by a mortgage broker.[/quote] I would think a unit that's only occasionally inhabited, and not rented out, would be desirable? Less noise, less wear and tear on things like elevator or whatever. What's the rationale?[/quote]
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