Condo vs Coop for investment
Hey gang!
I am familiar with some of the pros and cons of these two types of investment. I understand that a condo purchase provides you with a deed, as well as fee absolute ownership, and investing in a coop is really just shares in a corporation. While coops in NYC are generally cheaper, I tend to think condos are a better investment. I would love any feedback about your personal experiences. E.g. any real differences in rate of appreciation, ease or difficulty of subletting, selling your unit down the road, etc. Thanks in advance!