Quote:
Originally Posted by 3rd&Brown
They're not. You'd be surprised.
They're HDFC units with income caps. Some of the income caps are very very low (like $30K). And you're limited as to who you can sell to in perpetuity.
Hence the low prices. I've known a few people who've kicked around the idea of buying one when their income dropped for a year or two (to go back to grad school or when they were unemployed) but ultimately decided against it because of the future limitations.
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Ok, this is something I didn't know about. Can you provide a link to one of these properties, I'd like to check out some of the specs.
With that said, I'm still surprised that a city of New York's stature has 7 properties listed for under 100k.