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>One of my recurring points of advice to founders in New York is to use your year of no income to score a stabilised apartment. Does this actually work? Aren't
by gruez 1y ago
>One of my recurring points of advice to founders in New York is to use your year of no income to score a stabilised apartment.
Does this actually work? Aren't the waiting lists years long? Otherwise you don't really need to be a founder to score a rent stabilized apartment. 4 years as a broke college student should be plenty.
- JumpCrisscross 1y ago> Does this actually work? Aren't the waiting lists years long? Yes. I didn’t get it, but a founder I worked with did. Sometimes one gets lucky. And sometimes you spend more than a year broke as a founder. There are also all kinds of head-of-the-line options depending on your race, parents’ college status, et cetera. > 4 years as a broke college student should be plenty You typically have to be a resident to apply. I think they may also explicitly ask about college enrolment.
- s1artibartfast 1y agoI know people that did just that. Get about a million off a SF condo because they were in grad school. About 500K instead of 1.5 million. The trick is you need to have enough money to still afford the reduced mortgage. Basically a perfect fit for a founder with reduce salary, grad intern, or similar. It's almost as if these are the people that designed and voted for these programs