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Old 01-02-2023, 07:38 PM
 
3 posts, read 1,761 times
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Quote:
Originally Posted by BBMW View Post
Your rate of increase will be every bit as high as anyone else. You're probably only starting at a slightly lower per unit of purchase base. If you think you're immune from inflation you're an idiot,
Didn't say or assume I was immune. And as a board of director, you call your shareholders "idiots"?
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Old 01-03-2023, 02:27 AM
 
Location: NY
16,083 posts, read 6,853,083 times
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Quote:
Originally Posted by Maximus_01 View Post
Happy Holidays!

I've recently purchased a co-op in Downtown Brooklyn. After closing, the maintenance rate has increased dramatically from 5% (from previous year 2021 & for upcoming year 2022) to 9.5% (from previous year 2022 & for upcoming 2023). My understanding is the maintenance rate (for the upcoming year) may annually increase by 2-5% (from the previous year). So the increase of 9.5% seems absurd and tremendous.

I understand the maintenance fee differs for all units in the same building as the square footage may differ depending on the unit size. However, would the percentage of maintenance increase also differ? For example, would a studio vs 2 bedroom equally increase to 9.5% in maintenance for the upcoming year, 2023?

Would appreciate some insight and guidance. Thank you in advance!


Sell it and find something else.
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