Hi
If someone rents a stablized apartment for 25 years, and would like to move into a soon to be built condo across the street but can't afford NYCs condo prices (though has a downpayment for something worth $100,000), is there a way to they could get in (discounted price, discounted mortgage) being that they lived in the neighborhood for so long? Any one I could get in touch with? Any suggestions? I'm asking because the way things are looking these days, I'm figuring my rent could be twice as much in 10 years, and I'll be forced to move out of NY. Bloomburg catering to the $80,000 income earnings believing this is mid income--ha! With such a narrow mind people with net income under $50,000 are being squeezed out along with the poorer/poorest income earners. Thanks and have a good day.