In the old days, a rule of thumb in New York City was that condos should cost approximately 10 percent more than co-ops. That, of course, is an average that disguises a wide disparity of prices.
These days, however, I don’t see that there is much of a price advantage. (I confess that the sameness of condos with their stainless-steel appliances and Sub-Zero refrigerators has long depressed me as I check out apartments to keep up to date on the housing market and write my “Out and About” newsletter column.)
Here’s why: Continue reading