Paradox of Affordable Homeownership In NYC
As a co-op or condo owner in affordable housing, Are you more interested in preserving affordable homeownership or substantially increasing your net worth? Therein lies the paradox. How you answer this question will have significant ramifications on the affordable homeownership stock in NYC. There is no moral judgment implied in your answer to this question. But your answer will determine where you stand in the grand debate going on in the affordable housing community in NYC.