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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][quote=Anonymous][quote=Anonymous][quote=Anonymous]Condo and Co-op fees in those buildings are probably $3000 plus. [/quote] no the whole point of a co-op is they are [b]often income capped[/b], so they are affordable housing for people who don't have that kind of cash. you'd pay that in a new high rise. except the latest news is these are not selling.[/quote] Not in NYC. It's a different model. The pp suggesting higher fees is right.[/quote] I'm sorry but you're wrong. My BFF has just bought in a co-op and been through all this. There are buildings, even new buildings where the income cap is $60,000 by law to make sure that key workers like teachers etc are not living too far outside the city. You really need to know what you're talking about before you make incorrect, blanket statements. [/quote] Sure. Show me a building in Manhattan that someone making $60k a year can afford an apartment in. [/quote]
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