We hate to be the bearers of bad news, but in NYC real estate, even the most basic assumptions turn out to be fantasy.
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We're not really positive whether this list features the top 10 most flagrant examples, but we're pretty sure that it can shave a good 5 years off your learning curve if you're new around here:
- Security deposits will be returned in a timely fashion.
- The super is on duty 12 months a year (not just Thanksgiving through Christmas)
- Co-op boards shred applications after reading them (and your net worth doesn't cross the mind of each board member everytime they see you in the elevator thereafter).
- Brownstones are as quiet as they are charming.
- Pet-friendly means the dog can stay.
- Holiday tips are for a job well done.
- New construction means move-in ready
- Your broker is working exclusively on your behalf.
- There are fewer airborne pests on higher floors.
- Moving to a good school zone means your kid will actually be able to attend that school.
Related posts:
Unraveling NYC real estate speak, one white lie at a time
16 things I have learned since moving to Manhattan
9 signs your co-op interview is in the bag
All NYC Real(i)ty Speak columns