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Nice. I'm still extremely undecided if I'd accept a unit. Leaning towards no.
Have you seen inside yet? They're nice! You can't get a condo in manhattan at these prices but you know your situation best. If it's not for you; it's not for you.
So I'm guessing the process is:
-Submit docs to determine eligibility
-secure mortgage
-do a homebuyer's course?
-do inspection
-close
-move in
Have you seen inside yet? They're nice! You can't get a condo in manhattan at these prices but you know your situation best. If it's not for you; it's not for you.
So I'm guessing the process is:
-Submit docs to determine eligibility
-secure mortgage
-do a homebuyer's course?
-do inspection
-close
-move in
?
Yeah, I hear you about the price of condos in Manhattan. I currently live in an inexpensive housing lottery rental apartment that I like in a neighborhood I love. When I heard about the Rennie I was like 'oh wow a nice condo that I could actually own!' I was very attracted to this idea. But then I thought about the mortgage payment ($2000) plus the maintenance fee ($700-800) and the closing costs ($15000) and the inability to profit off the sale of the unit until 2046 and the idea of the Rennie became less appealing. If you stick it out for 25 years and sell at market rate, then I think it's worth it most likely. I dunno. I also think I just don't like that part of Harlem.
Yeah, I hear you about the price of condos in Manhattan. I currently live in an inexpensive housing lottery rental apartment that I like in a neighborhood I love. When I heard about the Rennie I was like 'oh wow a nice condo that I could actually own!' I was very attracted to this idea. But then I thought about the mortgage payment ($2000) plus the maintenance fee ($700-800) and the closing costs ($15000) and the inability to profit off the sale of the unit until 2046 and the idea of the Rennie became less appealing. If you stick it out for 25 years and sell at market rate, then I think it's worth it most likely. I dunno. I also think I just don't like that part of Harlem.
I get it. I have a 3 1/2 yr old so schools are a factor for me. She's the reason we're moving at all or else my husband I would stick it out in our very cheap lottery apt that's good for 2 people. I love the idea of owning but if I can move to a better school district and have to continue renting I'll do that. Plus Harlem is bad for asthmatics, dunno why -- i gotta move her
I do not like the Rennie. its location. none of it. I wish they would've kept its original design. congrats for those who get in tho.
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Updates?
