Tell them to go f--k themselves. You have everything in writing, they will lose. But of course, re-read the by-laws. Then, let them know that you are planning to do two things. The first is that you are contacting a lawyer.
The second is that you are considering moving out thanks to their harrassment, and intend upon listing your condo unit with (non-working) section 8, and soon they will have new residents in the building. - Fri Nov 14 2008, 13:25
From a strictly financial point of view Ray, it really depends upon the cash flow. If you can cover your expenses including the vampire tax that the co-op is sure to place on the rental, then rent it out. But I suspect that you bought at nearly the height of the market, and I also suspect that you won't come close to covering your expenses by renting, even with all the depreciation and interest deductions. In this case as in every other, cut your losses short, run your winners long. Sell it, take the loss, and treat it as a learning experience in Rental and Investment University. - Fri Nov 14 2008, 13:09
It is the epicenter of the foreclosure and subprime crises, and it never was a great nabe to begin with. Basically, most of the houses were old 1 family frames many converted to legal and illegal two family frame, but not really ever taken care of with love. The people who bought many of these houses were often decent people, but their kids often like to hang out, and the poor local schools- like Jamaica High School, reflect that. There is a cluster of activity at Jamaica center- where the E and F trains intersect the LIRR and the Light Rail to JFK, but aside from that section, most of Jamaica I would avoid. For a little more money, you can get a much nicer nabe- with better schools, better parks, better houses, and better youngsters.
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.