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high cc

Started by ieb
about 16 years ago
Posts: 355
Member since: Apr 2009
Discussion about
I’ve looked at some very interesting coop listings where the CC is very high. Other the obvious things like lower relative purchase price and possible write off of tax, are there any arguments where this makes sense? Also, after the current tax increase does everyone think that re taxes will continue to climb? I guess that I’m frustrated that the volume of apts that appeal to me entering the market is very low and that when they are correctly priced they move pretty fast and that leaves the coops with high CC. Maybe I just wait to later in the winter or later still?
Response by lobster
about 16 years ago
Posts: 1147
Member since: May 2009

I'm looking for a condo, not a coop so our situations vary a little. Obviously, it depends on how easily you can afford the maintenance and where you are in terms of working/retiring. It's harder to resell an apartment with higher maintenance since those charges increase over time and will get even higher. Personally, I would rather pay a higher purchase price and have lower monthly charges but I may be an older buyer than yourself. Buying an apartment is a long process in many cases. I found it helpful in the beginning of my search to go to open houses and make appointments to view apartments to get a sense of what is available. Best of luck to you in your search.

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Response by ieb
about 16 years ago
Posts: 355
Member since: Apr 2009

like I said, looking for any sane reason to pay high cc. i've been looking over a year and it's very frustrating. ny's a tough nut to crack!

think, i'll just take a couple months off and see where things are late January.

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