liberal Coops

Your attitude sort of sucks. It is very disparaging and condescending. Coops are restrictive in most cases out of concern for quality of like in the building and financial securiy. Foreign buyers are impossible to sue if neded,. They will possibly not be fulltime residents which hurts the building since banks lending to coop buyers require the building be 70% owner occupied in most cases. Absentee owners also tend to loan out heir units and guests are a recipe for problems so coop owners dont like that. Two years maintenance in escow is a good start, but what if there is a special assessment and the owner wont pay it? And the coop cant contact them? That escrow disappears fast and its all just a nightmare. Coops like to avoid problems. They are neither open nor close minded. They are corporations whose business is to smoothy manage a building, preserfe value, and maintain a desireable quality of life. For people whom this doesnt work, there are condos and rentals. There are prewar condos like 24 E 10 st (the Devonshire) at are spectacular.

Let them buy condos.

I have not heard of any foreigners who are interested in co-ops.
Co-ops are not interested in them (for the reasons kyle listed above).

Co-ops also aren't interested in some native born Americans and even New Yorkers.
That's why condos are more expensive.

Foreigners who have money to put into 2 years worth of maint. escrow, but not enough to buy a condo?
In N.Y. RE, "charming" usually means small.
Foreigners who won't buy a smaller condo -- they want a "charming co-op"?

Vivaldi: I like your music but this comment is ridiculous.

and why, when I click on "PRO", is "Guido Pompilj" listed as posting a "Daniel" comment?

kyle: what's going on here?

Foreign guides to NYC real estate are always fun to read and informative. We take a lot for granted, and seeing it explained is interesting. Guido's guide at http://vivaldirealestate.com, as far as I can tell from Google Translate, is pretty good.

E.g., that the typical condo-board package requires business and personal references is "incredible but true."

and so his foreign clients want co-ops and the board package/interview approval process?
Incredible.

and he wishes there were "a website where brokers, dwellers and general public can discuss..."
Does Guido know he's on streeteasy?

I can see where he's coming from. In an environment that's relatively transparent and where the "certainty of law" can be assumed, the next step would be to see the subjective aspects -- like quantifying which co-ops are "easy" -- made public. Not likely, but he can dream.

>Your attitude sort of sucks. It is very disparaging and condescending.

Wow kyle. Your attitude sort ... oh, you know ...

I still don't get Guido's point.
What's the real problem, his wanting to quantify which co-ops are easy
or
his foreign clients really want co-ops but they can't get into them so,
so,...what?

so buy a condo.

Hunter, the way he took a jab at the coops was naive and kind of dopey but with an edge to it too. If someone is gonna be a dick, i dont mind being a little of a dick back. The high road gets to be lonely sometimes and a detour helps break the monotony.

I think if you're going to force co-ops to have rules, they'll always err on the side of restriction. My co-op will not offer any "official" guidance on things like pieds-a-terre, parents buying for children, adjustable rate or I/O mortgages, dog weight limit, etc. In reality, we are fairly laid back and will allow MOST things within reason.

That said, all of this is on a case-by-case basis, and it also depends on who else is already living here. While we have our current pied-a-terre residents, we will probably not allow another. It's too hard to manage a small building where few people actually live. One parent for buying for a child is fine, but we don't want to be a "dorm." An adjustable rate ARM is OK with us in certain situations, but if every shareholder has one, it starts to become too much of a risk.

I think brokers with harder-to-place clients are always going to have to use back channels to find out what buildings will and won't consider. It's your job and part of the value-add you can provide.

Kyle, you act as if you are the head of the National Association of Co-ops and your great grandfather is buried in the lobby of Manhattan's first co-op.

But sure, if someone is a dick, you want to be a dick, it's all good. Not that you'll ever see me getting into a fight. Not my style.

nice KW.. don't any crap

o.k. so Guido's Italians want pre-war charm and can't get into the co-ops for cheaper than condos that would cost less if they would just buy a smaller condo because an apt is still an apt stop whining just bring your money and buy.

kyle: a little of a dick? be bold be a lot of a dick.

be a big dick

kyle is on a monotony break out on the detour.
he's riding on the freeway of love

I'm changing my user name to Jane Goodall if this keeps up!

Everyone...put away your pishers!

>I'm changing my user name

Not allowed

There are none left.

You took them all.

Hey columbiacounty, did you see that a "friend" of Ali R. is moving to Greene County. You'll be just a Rip Van Winkle Bridge ride away from her "friend".
http://streeteasy.com/nyc/talk/discussion/30896-looking-for-a-greene-county-real-estate-atty

Which way has the toll?

"More and more foreigners are interested in coop that are more charming than condos (in general) and less expensive... but few of them are open minded and liberal enough to accept diversity and even foreign buyers buying cash and putting 2 years maintenance in escrow have a hard time being considered by coop boards..."

Do NOT go making this a race-baiting thing. It's not.

If your "diverse" and "foreign" clients are willing to live in the unit FULL-TIME, and not merely use it as a crash pad/hotel room for relatives/dorm for kids/investment property, most co-op boards are as liberal as can be.

That is, if you want to LIVE here.

there's nothing related to liberal or not