Tuesday, June 3, 2008

Not In My House

Get ready to start groveling. If you follow New York City real estate, you've no doubt heard of its infamous co-ops and their maddening boards. They're notorious for making buyers beg and plead for a spot in the building - poring over financials, conducting background checks, wading through private matters, postponing closings and often shutting out potential residents altogether - without any need to explain themselves. And if you're lucky enough to get into a co-op building and then decide to renovate or (shudder!) sublet your place ... well, good luck.

Don't like it? Buy a condo.