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Posted by Danielle on January 28, 1999 at 16:14:05:

In Reply to: Always Problematic posted by MikeW on January 22, 1999 at 11:19:31:

: As far as finding a stabilized rental, that will also be very hard. Since your talking coop, I'm assuming were talking about Manhattan, or one of the more desirable areas of the boros. In any of these place, LLs will do whatever necessary to get the rent over the $2000 mark to get it off stabilzation. I recently gave up a $900/month studio. This metamorphisized into a $2800 three bedroom.

It's actually in Queens and well below the $2k mark- $765/mo.

: In this market, probably the best thing to do is to buy something. Much higher up front costs and hassle, but significantly lower monthly costs (both before and, especially, after taxes).

I would love to buy but I have no significant savings and no one to borrow from. I'm only 23- I have a while to save up.

Danielle

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Comments:
: : As far as finding a stabilized rental, that will also be very hard.  Since your talking coop, I'm assuming were talking about Manhattan, or one of the more desirable areas of the boros.  In any of these place, LLs will do whatever necessary to get the rent over the $2000 mark to get it off stabilzation.  I recently gave up a $900/month studio.  This metamorphisized into a $2800 three bedroom.

: It's actually in Queens and well below the $2k mark- $765/mo.

: : In this market, probably the best thing to do is to buy something.  Much higher up front costs and hassle, but significantly lower monthly costs (both before and, especially, after taxes).

: I would love to buy but I have no significant savings and no one to borrow from.  I'm only 23- I have a while to save up.

: Danielle


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