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I applied to this one and received a log number 1XX already. That was fast! I do understand the waitlist is a longer process or will most likely never happen.
Location: Read the Marketing Handbook, and Income a Guide.
2,007 posts, read 1,626,371 times
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Quote:
Originally Posted by Jenjen23
I applied to this one and received a log number 1XX already. That was fast! I do understand the waitlist is a longer process or will most likely never happen.
Here is a short answer. For other ML buildings, I have seen the latest number called jump 150 places in a year or less. In the other hand, some buildings particularly for larger units go many years before a vacancy occurs. You have to wait and see. ML are typically excellent values. Don’t pack your bags yet.
Because the ML building is not new with all units vacant waiting for first tenants the list will move slower than if it were new with dozens of units to fill all at once. Only when a vacancy occurs does the next log# get called for a ML buildings, typically.
However, please consider the following hypothetical fictional example. Let’s pretend you are log# 199. So, we imagine there are not more than 198 applicants ahead of you. But, there could be less than 198 VALID applications ahead of you. How? 1) Some applicants might never have responded when informed they got a log# and got disqualified. 2) Some applicants might have been disqualified because they don’t fit the income bracket or family size, maybe they had a child that put them over. 3) Some applicants might not like the paperwork and process and give up. 4) Applying is easy and free so it can attract applicants who aren’t very motivated to actually move in, some of these might win a log#.
Keep in mind, just because a log# lower than 199 is offered a unit does not mean they will take it. They might have moved far away; they might have found housing they like already; they might not like the building or location once they have toured them.
Good luck and good patience.
Last edited by WildAboutHarry; 03-17-2022 at 10:00 AM..
Reason: Clarity
Here is a short answer. For other ML buildings, I have seen the latest number called jump 150 places in a year or less. In the other hand, some buildings particularly for larger units go many years before a vacancy occurs. You have to wait and see. ML are typically excellent values. Don’t pack your bags yet.
Because the ML building is not new with all units vacant waiting for first tenants the list will move slower than if it were new with dozens of units to fill all at once. Only when a vacancy occurs does the next log# get called for a ML buildings, typically.
However, please consider the following hypothetical fictional example. Let’s pretend you are log# 199. So, we imagine there are not more than 198 applicants ahead of you. But, there could be less than 198 VALID applications ahead of you. How? 1) Some applicants might never have responded when informed they got a log# and got disqualified. 2) Some applicants might have been disqualified because they don’t fit the income bracket or family size, maybe they had a child that put them over. 3) Some applicants might not like the paperwork and process and give up. 4) Applying is easy and free so it can attract applicants who aren’t very motivated to actually move in, some of these might win a log#.
Keep in mind, just because a log# lower than 199 is offered a unit does not mean they will take it. They might have moved far away; they might have found housing they like already; they might not like the building or location once they have toured them.
Good luck and good patience.
Thank you for your feedback and information! Very helpful!
Location: Read the Marketing Handbook, and Income a Guide.
2,007 posts, read 1,626,371 times
Reputation: 479
Quote:
Originally Posted by Jenjen23
Thank you for your feedback and information! Very helpful!
My pleasure.
For purchase price and monthly fees it’s a hard deal to beat. You just don’t know when an offer will come. I suggest you stick with it. If you research it you can learn how many 2 bed(?) units exist in the building; the more unit you qualify for the better chance that they turnover faster.
As your number gets closer to the top, a good management company has an insensitive to reach out to you. Keep them posted if your usps address changes.
If you move in and don’t like it, you can always move out. Because the resale price is controlled there is almost surely going to be a buyer for a quick sale.
A lot of helpful information posted above. Basically it’s a waiting list and once they get to our numbers, we will be contacted. Very different than the housing rental lotteries.
Location: Read the Marketing Handbook, and Income a Guide.
2,007 posts, read 1,626,371 times
Reputation: 479
Quote:
Originally Posted by ahmed083
N° 9X any chance !?
Read previous posts. I don’t guess you will move there this year.
Two key points, it’s a lottery to join a wait list not necessarily to fill an existing vacancy. If you are #99 we can conclude that there are a possible 98 applicants ahead of you on the new wait list and not more than 98. However, it’s possible and observation of other lotteries show that not every log# is qualified and can be excluded by the process, and other log# might not have a strong interest or the patience needed to see the process through in which case the process goes onto the next log #. Conclusion, there could be fewer than 98 valid applicants ahead of you
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