3 ms·

We’ve been building high density high rise privately owned buildings in NYC for 150 years and it seems to be working out OK.

• dfadsadsf 5y ago
  NYC has outrageous coop and HOA fees - way beyond what it cost to maintain SFH in most of US. With average HOA fee for 3bdrm condo probably north of $2k/month now (and often $3k+/month), you can presumably do a lot of very expensive maintenance. It’s working fine because there are a lot of money in NYC not because it’s economical or sustainable on average american income.
  • CPLX 5y ago
    That is a ridiculous over-generalization for a city of 8 million people with over one million unique structures.
  • miohtama 5y ago
    Maybe NYC fees are realistic and everywhere else fees are too low to meet the maintenance debt?