Housing lottery discussions (#1) (New York, York: sales, settlement, repair)

[marriedwitchildren]

My log number is 42xxx no preference. Currently qualify for a 2 bedroom apartment.
They have not contacted me for an interview. I doubt i will hear from them based on how high my lottery number is.

[shadypinesma]

This really chaps me.

No offense but if you had a sudden windfall to the tune of over $100,000 why are you not putting that down on a market rate coop and leaving affordable housing to those who need it? :-/

[Ylomax92]

I handed in my documents. She said I should hear something from her within two weeks.

[jnyc212]

Originally Posted by shadypinesma

This really chaps me.

No offense but if you had a sudden windfall to the tune of over $100,000 why are you not putting that down on a market rate coop and leaving affordable housing to those who need it? :-/

Perhaps because $50K salary is not enough to pay a mortgage and maintenance in a decent neighborhood? I don't think a one time moderate windfall is enough to condemn this person. I've been looking at market rate coops for a long time now and can't get anything but a tiny studio for (or over!) nearly $500K and monthly payments would be nearly $3000.

[shadypinesma]

That is absolutely untrue. Many, many one bedrooms can be had for under 200k in outer boroughs if you can look.

Here’s one: https://www.trulia.com/p/ny/kew-gard...15--2010160648

[jnyc212]

I’m speaking of the neighborhood I live in. Isn’t part of the appeal of Penn South that you can live in Manhattan and not way out in the outer boroughs? Otherwise people can probably get a place in the Bronx for the same price as Penn South, so why rely on a lottery?

[jnyc212]

One might also say hey - if you make a $120K a year salary you shouldn’t need to rely on affordable lotteries but then, Penn South considers that an eligible income.

[DonaldJTrump]

Originally Posted by shadypinesma

This really chaps me.

No offense but if you had a sudden windfall to the tune of over $100,000 why are you not putting that down on a market rate coop and leaving affordable housing to those who need it? :-/

100k is chump change, barely more than what one can save up on minimum wage. cant even buy a house

[hopeful4chelsea]

Originally Posted by shadypinesma

This really chaps me.

No offense but if you had a sudden windfall to the tune of over $100,000 why are you not putting that down on a market rate coop and leaving affordable housing to those who need it? :-/

Sorry that it chaps you. I do currently live off of income around 50k, and if I could live in PS it would be life-changing for my commute time, as other options I have are pretty far away.

[shadypinesma]

You're right.

Maybe I was being too harsh, and for that I apologize. However, if you do not get on the waitlist you still have plenty of options that other people don't.