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difficult board

Started by gogolsnose_2046725
about 7 years ago
Posts: 0
Member since: Sep 2016
Be careful with this building. The board takes a very obstructive approach and may make it difficult for you to sell or modify any unit you may decide to purchase in it.
Response by UptownSpecialist
about 7 years ago
Posts: 139
Member since: May 2013

How is that different from many other Harlem HDFC's?

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Response by 30yrs_RE_20_in_REO
about 7 years ago
Posts: 9876
Member since: Mar 2009

Absolutely agree with UptownSpecialist on this. People want to take discounts based on circumstances (whether it's location, financial constraints... whatever) and then want the world to change to suit their wants. Like when people who are not artists move into lofts in Soho after signing waivers saying they are artists, and then complain about the actual artists making art in their lofts who were there before them.
These HDFC coops were not made for people to buy, renovate, then flip for a profit. The program was to provide affordable "sweat equity" long term housing. Unfortunately (in my opinion) many of these coops have started ignoring their original mandates, as well as stopped collecting fees on sales that they should be, in order to allow shareholders (often Board members) to cash in.

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