u/flyingcircus92

Has anyone here done this where they've bought their neighboring unit in a co-op and combined the two units? Talking to some banks they won't finance the second unit because they view it as a non primary residence, so it's hard for them to finance. I know NCB might do a loan like this, but are there other banks / ways to finance this? One option is a HELOC on my current place and use that as equity to fund the deal, but it wouldn't cover the cost of the other place. The key here is co-ops. With condos it's less of an issue as the banks would view it as buying a secondary residence, so the only thing they care about is debt to income. Any thoughts would help!

https://preview.redd.it/g7xm27k3gy8h1.jpg?width=1512&format=pjpg&auto=webp&s=3a0b26a53aac3875925585197ac95a1c1ccd5be3

https://preview.redd.it/naik3m0ufy8h1.jpg?width=1512&format=pjpg&auto=webp&s=00f0a9a263fbe60998c3d6cb027f983ecfa234ad

Has anyone here done this where they've bought their neighboring unit in a co-op and combined the two units? Talking to some banks they won't finance the second unit because they view it as a non primary residence, so it's hard for them to finance. I know NCB might do a loan like this, but are there other banks / ways to finance this? One option is a HELOC on my current place and use that as equity to fund the deal, but it wouldn't cover the cost of the other place. The key here is co-ops. With condos it's less of an issue as the banks would view it as buying a secondary residence, so the only thing they care about is debt to income. Any thoughts would help! Note: I'd be doing this in NYC.

Has anyone here done this where they've bought their neighboring unit in a co-op and combined the two units? Talking to some banks they won't finance the second unit because they view it as a non primary residence, so it's hard for them to finance. I know NCB might do a loan like this, but are there other banks / ways to finance this? One option is a HELOC on my current place and use that as equity to fund the deal, but it wouldn't cover the cost of the other place. The key here is co-ops. With condos it's less of an issue as the banks would view it as buying a secondary residence, so the only thing they care about is debt to income. Any thoughts would help!

https://preview.redd.it/jejbz6pelk8h1.png?width=1410&format=png&auto=webp&s=7e3320c4bad2d980118f72394012c9f729975cef

Does anyone know what happened? There was a guy totally knocked out this afternoon and the ambulance came. I was on the other side of the street but didn't look like a drug addict. Hope he's ok.

Average net worth in the US is $1.06M and median is $192k. $1M on 1.1T is 0.00009%, which would be 92 or 18 cents on those two numbers.

https://preview.redd.it/hinqgln73h7h1.jpg?width=1512&format=pjpg&auto=webp&s=946d2de215e6c4806d8b20940c34576c3b631769

Quick background, mid 30's and in finance. I've "missed out" on any meme stonks or crypto and made money the "old fashion way". Since the World Cup is on and I track my balance sheet monthly, thought I'd post this as a way to show changes over each World Cup. Enjoy the games!

Before 1990: not alive

1994-2006: ~few hundred dollars in a savings account and $0 in liabilities. Net worth ~few hundred dollars.

2010: ~$10k in assets, $0 liabilities. Net worth ~$10k.

2014: ~$50k in assets, ~$225k in liabilities. Net worth ~-$175k. Liabilities were mostly student loans - was just starting my career post college. Literally remember getting on the floor for the first time and a game was on.

2018: ~$100k in assets, ~$125k in liabilities. Net worth ~-$25k. Asset growth was mostly 401k contributions. Aggressively paid off student loans. Went positive on net worth later that year.

2022: ~$1.5M in assets, ~$775k in liabilities. Net worth ~$725k. Assets grew due to a ~$875k home and liabilities increase from taking out a loan. Student loans paid off. Remainder of asset growth and driver of net worth growth was from growth in retirements accounts and brokerage accounts / cash (~$350k), and another $200k in private investments.

2026: $2.5M in assets, ~$700k in liabilities. Net worth ~$1.8M. Assets growth mostly due to increase in private investments ($900k) and retirement / brokerage / cash (~$125k). Put more cash into private investments but actual retirement up $150k. Real estate held at cost. Liability drop mostly due to payments on the loan for the property.

Quick background, mid 30's and in finance. I've "missed out" on any meme stonks or crypto and made money the "old fashion way". Since the World Cup is on and I track my balance sheet monthly, thought I'd post this as a way to show changes over each World Cup. Enjoy the games!

Before 1990: not alive

1994-2006: ~few hundred dollars in a savings account and $0 in liabilities. Net worth ~few hundred dollars.

2010: ~$10k in assets, $0 liabilities. Net worth ~$10k.

2014: ~$50k in assets, ~$225k in liabilities. Net worth ~-$175k. Liabilities were mostly student loans - was just starting my career post college. Literally remember getting on the floor for the first time and a game was on.

2018: ~$100k in assets, ~$125k in liabilities. Net worth ~-$25k. Asset growth was mostly 401k contributions. Aggressively paid off student loans. Went positive on net worth later that year.

2022: ~$1.5M in assets, ~$775k in liabilities. Net worth ~$725k. Assets grew due to a ~$875k home and liabilities increase from taking out a loan. Student loans paid off. Remainder of asset growth and driver of net worth growth was from growth in retirements accounts and brokerage accounts / cash (~$350k), and another $200k in private investments.

2026: $2.5M in assets, ~$700k in liabilities. Net worth ~$1.8M. Assets growth mostly due to increase in private investments ($900k) and retirement / brokerage / cash (~$125k). Put more cash into private investments but actual retirement up $150k. Real estate held at cost. Liability drop mostly due to payments on the loan for the property.

I wanted to make sure political posts are ok, and as someone who's posted here a lot I meet rule #8.

Looking between Bores and Lasher, their policies on the websites seem highly curated. Reading through them I feel like I don't really know what their polices are and what they stand for. How do people here perceive the main two candidates?

If people want to talk about Schlosberg and Conway fine, I excluded them as they're further back in the polls.

Maybe the tune would be Gangname Style, as that came out in 2012.

The other day when walking through the park someone was talking to a group of their family members that were visiting and pointed to The El Dorado and said "That's the Dakota, it's where Ghostbusters was filmed". As I'm sure most of us know, The Dakota and the Ghostbusters building are two separate buildings (1 W 72nd and 55 CPW, respectively, which The Eldorado is 300CPW). I fought every urge in my body to say "you're wrong" and then explain this, but I didn't want to be that guy and it wasn't my place, so I've come here to vent about it. Thank you for listening to my Ted Talk. Also, anyone else think it's crazy that the building is basically "The the Dorado" lol?

Did anyone here apply to join the community board and never heard back? I have a profile that's right down the fairway for the board, so I was surprised to never hear back but also never got a rejection, so I wasn't sure where they stood on the process.

This morning walking along the park side of the street on CPW between 100th st and 106th st noticed it smells like big red gum or atomic fireballs. A really strong cinnamon scent. Does anybody know what’s up with this?