Markets rise and fall, and rise again, and fall again—that’s the natural order of things in our economic system. But what about value ?  Are price and value the same thing? In a word, no. After all, there are lots of ways to define value…

Q. I live in a Housing Development Fund Corporation (HDFC) building in the Bronx. My building has no meetings or elections, and shareholders are not informed of our financial status at all. The treasurer’s son has taken complete control a…

As the weather cools and the leaves change, it’s time to make like the squirrels and start preparing for winter. For shared interest communities, in addition to the more in-depth pre-season inspections of roofs, boilers, and other major bui…

Civility goes a long way in life, and in a co-op or condo community, constructive communication is especially important. Residents, board members, on-site staff, and managers all deserve to be treated professionally and spoken to respectful…

The stability and value of a shared interest community hinges on a lot of things; financial solvency, good governance, and proactive physical maintenance, to name a few. But another key component, and one that may be less obvious to the eye…

Residential co-op, condo, and HOA board members volunteer to help manage day-to-day life in their building or community, allocating their time to actively participate in decisions that affect the place they call home. They oversee crucial a…

It’s a constant refrain in multifamily governance and management: open, transparent communication between boards, managers, and residents is vital to running a building or HOA effectively and equitably. Unresponsive, disconnected leadership…

Last month, 15 independent building service providers announced the formation of Manhattan Vendors Group (MVG), a new professional consortium aimed at fostering collaboration among vendors working with property managers, building owners, an…

According to the National Housing Conference (NHC), a recent blog post from the Joint Center for Housing Studies of Harvard University indicates a growing number of metro areas where home prices are either declining or showing signs of …

This year New York City passed the first landmarks in the long road to compliance with Local Law 97, the Big Apple’s roadmap to carbon neutrality by 2050. Many have questioned the approach and ultimate possibility of success for this progra…