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This week, Brick Underground readers checked out our discussion of the debt-to-income ratio required by New York City co-op boards. As senior writer Emily Myers explains, your debt-to-income ratio should ideally be in the range of 22 to 24 percent if you want to buy a NYC co-op. If you don’t fall within that range—the article explains ways to reduce your debt.
Also of interest: Buyers unnerved by the banking crisis are asking for employment contingencies. One source tells us that a funding contingency may be a better option.
Here are this week's top five posts:
1) What debt-to-income ratio do you need to buy a co-op in NYC?
2) Job cut jitters spur NYC buyers to ask for employment contingencies
3) 7 surprising dealbreakers that might sink your NYC co-op or condo sale
4) How to deal with a renovation that violates your co-op or condo board's alteration agreement
5) Getting the NYC rental you want may require thinking like a buyer