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Real Estate
Reply to "Talk to me about Pied a Terres for the Middle Class Set (aka a studio condo in downtown)"
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[quote=Anonymous]You can see the coop rules in each building, some allow limited rentals, eg 2 out of every 5 yrs & not more than xx% of the building at the same time, etc. I would make sure to get a building that at least has the option of parking in the building. I have 2 friends who recently have had issues selling downtown condos ( one an alcove studio & one a 2 bdrm) bc they didn't have parking. Especially for the studio I would have thought it'd be a non-issue but it was. A plus would be if you could find a unit w/ a space & rent it to someone else in your building. That could defer ~$300/month of your costs. Finally, there seems to be a huge range of condo fees for similar amenities. I would compare the fees in various buildings bc particularly if you're not going to bd there frequently, you don't need to be paying huge amounts for things you won't use. [/quote]
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