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wannalive!, Home Buyer in New York, NY

HDFC Income Max

Asked by wannalive!, New York, NY Fri Jul 18, 2014

Hi,
I'm looking at a couple of HDFC apartments and I'm just under the income max. If I move in and my income increases beyond the max, would I have to move out?

Thanks so much!

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Answers

1
Hello;
No; once you are in you are in!
HDFC apartments are a very good stable long term living arrangement. But remember it is a co-op so be pro-active in your building. You will be a part owner, after all.
Good luck!
1 vote Thank Flag Link Fri Jul 25, 2014
Could I trouble you with one more question? I'm going back and forth between an hdfc or a regular co-op/condo. Since it is so hard to make a profit on an hdfc over time, are there any other benefits to living in one? Aside from locations? (i.e. tax breaks or something like that?) Obviously, I really like the idea having a stable, affordable apartment. But am i missing an opportunity a non-hdfc buyer would have? Thanks so much!
Flag Sat Jul 26, 2014
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