I thought It would be fun to share some of my open house pictures to show what you get for your money in New York. It's astounding to me that in Georgia you can buy a 3 to 4 bedroom home with a basement and large lot space for the same price as you pay for a tiny coop or condo in New York.
The first apartment is of a two bedroom coop that I seriously considered making an offer on.
It was in the vicinity of Brooklyn College, close to transportation, on a quiet block, high ceilings, large space but needed updates in the bathroom and kitchen. There was a lot of interest on this place and I was one of six that arrived for the open house with several others calling to inquire. The price was only $167,000. Perfect, right? Wrong. The downside to this property was the monthly maintenance was almost $900. My monthly coop fees would be more than my mortgage. Hence, I couldn't afford it.
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Read more: http://www.bankrate.com/calculators/college-planning/loan-calculator.aspx#ixzz2XwjcaY00
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