Comments on: Panoramic City View for $277/sqft? There’s a catch… http://www.urbnlivn.com/2009/10/22/panoramic-city-view-277sqft-catch/ Mon, 15 Mar 2010 21:25:26 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: uwp http://www.urbnlivn.com/2009/10/22/panoramic-city-view-277sqft-catch/comment-page-1/#comment-81604 uwp Thu, 14 Jan 2010 15:30:35 +0000 http://www.urbnlivn.com/?p=1601#comment-81604 I was checking recent 1BRs on redfin and another unit from this co-op came up. I was racking my brain trying to remember where I had read about it and I eventually came back to this post. It's a shame about the building problems because that view is ridiculous. <a href="http://www.redfin.com/WA/Seattle/308-E-Republican-St-98102/unit-808/home/25682632" rel="nofollow">http://www.redfin.com/WA/Seattle/308-E-Republic...</a> I was checking recent 1BRs on redfin and another unit from this co-op came up. I was racking my brain trying to remember where I had read about it and I eventually came back to this post. It's a shame about the building problems because that view is ridiculous. http://www.redfin.com/WA/Seattle/308-E-Republic...

]]> By: Sam DeBord, SeattleHome.com http://www.urbnlivn.com/2009/10/22/panoramic-city-view-277sqft-catch/comment-page-1/#comment-80998 Sam DeBord, SeattleHome.com Mon, 26 Oct 2009 09:38:40 +0000 http://www.urbnlivn.com/?p=1601#comment-80998 Co-ops are just difficult. They're great places for security, and for consistency of management. The level of management, though, is widely varied.<br><br>The lack of rental ability in a co-op seems like a positive, but most good condo associations already have a rental cap of around 10%-20% which is already reasonable. Many co-op boards seem to strangle all the life out of their buildings in an attempt to be good managers. <br><br>If you really like the people in your building, though, co-ops can be great. Co-ops are just difficult. They're great places for security, and for consistency of management. The level of management, though, is widely varied.

The lack of rental ability in a co-op seems like a positive, but most good condo associations already have a rental cap of around 10%-20% which is already reasonable. Many co-op boards seem to strangle all the life out of their buildings in an attempt to be good managers.

If you really like the people in your building, though, co-ops can be great.

]]> By: Sam DeBord, SeattleHome.com http://www.urbnlivn.com/2009/10/22/panoramic-city-view-277sqft-catch/comment-page-1/#comment-78503 Sam DeBord, SeattleHome.com Mon, 26 Oct 2009 02:38:40 +0000 http://www.urbnlivn.com/?p=1601#comment-78503 Co-ops are just difficult. They're great places for security, and for consistency of management. The level of management, though, is widely varied.<br><br>The lack of rental ability in a co-op seems like a positive, but most good condo associations already have a rental cap of around 10%-20% which is already reasonable. Many co-op boards seem to strangle all the life out of their buildings in an attempt to be good managers. <br><br>If you really like the people in your building, though, co-ops can be great. Co-ops are just difficult. They're great places for security, and for consistency of management. The level of management, though, is widely varied.

The lack of rental ability in a co-op seems like a positive, but most good condo associations already have a rental cap of around 10%-20% which is already reasonable. Many co-op boards seem to strangle all the life out of their buildings in an attempt to be good managers.

If you really like the people in your building, though, co-ops can be great.

]]> By: Jason http://www.urbnlivn.com/2009/10/22/panoramic-city-view-277sqft-catch/comment-page-1/#comment-78211 Jason Fri, 23 Oct 2009 04:04:09 +0000 http://www.urbnlivn.com/?p=1601#comment-78211 Thanks for the report. I've noticed co-ops selling for a lot less than condos in Seattle. Co-ops can also make lousy investments because in almost all cases, they can't be rented out. In theory the forced owner-occupancy should cause the building to be in good shape, but in this building that's clearly not the case.<br><br>I tried to go to one open house but there was absolutely no sign of a Realtor being present at the showing time. All I got was this shot of 10 lockboxes on the front railing: <a href="http://www.flickr.com/photos/jweill/3849915534/" rel="nofollow">http://www.flickr.com/photos/jweill/3849915534/</a> Thanks for the report. I've noticed co-ops selling for a lot less than condos in Seattle. Co-ops can also make lousy investments because in almost all cases, they can't be rented out. In theory the forced owner-occupancy should cause the building to be in good shape, but in this building that's clearly not the case.

I tried to go to one open house but there was absolutely no sign of a Realtor being present at the showing time. All I got was this shot of 10 lockboxes on the front railing: http://www.flickr.com/photos/jweill/3849915534/

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