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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][quote=Anonymous]Coops vary on whether/how long you can rent, mostly because they need to keep a certain ratio of occupant owners for tax reasons. Then again, I'm hearing of more condos needing to do that these days, too, to keep within guidelines for lenders, so there may not be an enormous difference there. That said, I do live in a neighborhood with several coops and those that don't allow it at all seem to have decidedly lower values and take longer to sell, so I'd avoid that. I think on site maintenance is useful if you'll be away a lot, so that if a pipe bursts or whatever while you're away, it can be speedily addressed. Front desk staff that can take deliveries are nice for the same reason. (Though, admittedly, I use them to sign for wine shipments mostly ; ) I'd have a look at SW. Some cafes and restaurants down here, but also pretty peaceful and free of car noise. And convenient to fun restaurants on the Hill and Penn Quarter. Big studios, too. [/quote] Thanks PP - any specific building recommendations in SW? [/quote]
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