Bricktionary

… affordable housing lottery youve probably read one key term over and over again area median income But what does that actually mean In short area median income or AMI defines the median incomes for households of different sizes within a certain geography The Department of …

… At the most basic level a reverse mortgage is what it sounds like a home loan where … would have to pay back the reverse mortgage loan Reverse mortgages are rare in New York City condo and coop buildings Thats particularly …

… youre probably already familiar with the myriad fees that come with buying in New York City But theres one more cost you should … watch out for when you sell a flip tax if you live in a coop or a transfer fee if you live in a condo which usually …

… majority of residential buildings in New York City own the land they sit on but a tiny percentage rent the land from someone else These are called landlease or groundlease buildings yet another quirk of NYC real … Stone has also taught real estate classes on the subject for years  These buildings are mostly in Manhattan namely on …