Snooty co-op boards loosen rules as demand slumps

This post has been read 2734 times!

River House 130 million apartmentJanuary 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.

This entry was posted in - 1 The Good News and Greer Report, Real estate. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *