LuLu Publishing has just released "Condo
Red Flags," a condo
buyer's crash course.
With just 3,778 units on the market, May offered the lowest number of available condo
units recorded during any May month over the last five years, according to the May 2015 StreetEasy Manhattan Condo
The standard line about condominiums is that compared to single-family homes the condo
niche is a much more volatile market, subject to wider valuation swings--upward and downward--when the economic cycle turns.
As a result, the condo
market's recovery, however fast, is likely to be staggered.
Prices have flattened in most areas; however, a look at the top 10 most expensive condos
in the outer boroughs reveals some bright spots.
The couple decided to rent the condo
to Peter for the next year, with the possibility that he could continue to rent thereafter.
Councilwoman Wendy Greuel's district now has the second-largest numbers of evictions for condos
in the city, yet she sits on her hands and shows no leadership in developing a housing policy that saves, not destroys, affordable rental housing.
owners do not think they need to buy property and liability insurance because their condo
association's insurance will cover their losses, but those policies cover common areas of buildings, not the inside of units or their contents.
The share of multifamily housing transactions accounted for by condo
conversions since the beginning of this year is more than 40 percent--twice the 2004 average, according to Real Capital Analytics.
The number of condo
offerings will be greater in Kanagawa and Chiba prefectures as well as in the capital's outlying areas in 2005 than in the preceding year, it said.
As for the maintenance of things outside your condo
unit, such as lawn care, building siding, and roofing, Davis says, "That's the property of the owners of your complex.
All sellers of the condos
, tucked into hotel complexes bearing well-known brand names, are banking on the city's position as a principal U.