This post has been read 2890 times!
January 25, 2014- The NYT reports that the co-ops boards in Manhattan, infamous for rigorous background checks ans arbitrarily rejecting people, are now allowance riffraff to purchase units. The other form of ownership, condominiums, have fewer restrictions, making the real estate more liquid. As the real estate market slumps, co-ops are loosing the rules too.