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The debt-to-income ratio preferred by co-ops, employment contingencies, & more

By Jennifer White Karp  |
March 24, 2023 - 4:30PM
Busy crowds of people walking across the street at 7th Avenue in the Greenwich Village neighborhood of New York City NYC

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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


Jennifer White Karp

Managing Editor

Jennifer steers Brick Underground’s editorial coverage of New York City residential real estate and writes articles on market trends and strategies for buyers, sellers, and renters. Jennifer’s 15-year career in New York City real estate journalism includes stints as a writer and editor at The Real Deal and its spinoff publication, Luxury Listings NYC.

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.