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bitchthatwaspromised t1_jbelai4 wrote

Reply to comment by orangejuicecake in With an absentee corporate landlord, Upper Manhattan tenants unite to demand repairs by natekrinsky

Looking at HDFC listings makes me so sad. Like I qualify but they say all-cash only or the 20% down is like over 100k. Idk how any real non-trust fund Columbia student buys one

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cocktails5 t1_jbhwy60 wrote

The city had a solution to this: replacing the current HDFC agreement with one that included asset limits. HDFC owners threw a fit because it would have tanked their property values because the HDFC market right now revolves around these all-cash offers from people who on paper don't have an income. They tried to entice the HDFCs with more tax abatements but nobody seems interested.

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