Coop and Condo Strategies In The Current Market
Started by ximon
over 6 years ago
Posts: 1196
Member since: Aug 2012
Discussion about
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If, as some are forecasting, the NYC coop and condo markets are headed for a major retraction, what should the strategy be for boards to deal with this problem? Perhaps it depends on the length and breadth of such as retraction, but should boards e.g. consider changes to capital project planning, imposing new house rules (subletting, etc.), refinancing underlying mortgages?