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It's hard to help people make decisions like this. A lot depends on, what is your alternative? If you already have a decent place to live that's affordable, obviously why make a move? Are you on other waitings lists for apartments and locations you prefer?
But you have to realize that these moves don't have to be permanent. If you get called for the three bedroom, you can take it and see how you like it. To my knowledge, there is no "minimum time" that you need to stay there.
Of course, you won't want to spend much money fixing up your unit under these circumstances.
I'm not really familiar with Village East except for passing by on the M9 bus on my way home from work and thinking the building on Avenue C looked nice.
You would have to find out where they are on the current waiting list. Often it takes some time to clear those people waiting before the new list is consulted. Plus, how many three bedrooms are there in the complex? Maybe not too many. And maybe people are holding on to theirs after their kids fly the coop or passing them on to a grandchild. There are many factors to consider.
Perhaps the office at some point can give you an estimated wait time.
Very helpful - thank you. I'm thinking that I will be on the waitlist for a long time.
I got one. In the 300s. Right now, I make too much, but, given that it'll be years before they reach me, I'm thinking I'll send in the application. Life has its ups and downs.
I got one. In the 300s. Right now, I make too much, but, given that it'll be years before they reach me, I'm thinking I'll send in the application. Life has its ups and downs.
Very wise! For $75, it a cheap price to pay for an option you may be happy to have later on.
Also, don't assume you won't qualify.
There could be deductions that reduce the income that is counted. For instance, if there are two wage earners, I believe 20% of the lower income might be deducted.
Also, even if you don't qualify after this deduction, an ML can levy a surcharge on those who are over the income cap.
I'm being vague because I don't know if this is ML policy in general or if each development has its own rules. But it's good to keep in mind.
If I were you, going forward, I would contribute the max into your 401(k) or IRA. That will reduce your AGI.
Nothing for me but congrats to everyone who got picked!
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