According to the Pew Research Center, approximately 71% of American households own at least one pet. Nearly half of U.S. households own a dog, around 35% own a cat, and roughly 20% own both. Most pet owners consider their animals to be full…
A recent bill introduced in the State house in Albany could reshape key aspects of cooperative board governance, raising questions surrounding its implementation and legal ramifications. Assembly Bill A2619A focuses on ground lease reform, …
At the top of the list of most people’s worries and concerns today is the ever-increasing cost of living. From gas to groceries to health care, costs are on an upward trajectory that’s also being magnified and reflected in their HOA fees. S…
Increasing residents’ monthly fees is never popular, but with insurance, labor, materials, utilities, code compliance and other operational costs rising across the board, your building’s cash inflow needs to reflect economic realities in or…
On October 23, the Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, released the results of its Primary Mortgage Market Survey ® (PMMS), showing the 30-year fixed-rate mortgage (FRM) averaged 6.19%. “Mo…
With inflation still elevated, home prices parked near record highs (despite some recent softening, particularly at the higher end), and insurance costs climbing, more homeowners are running out of cushion—heightening the risk of mortgage d…
With the recent passage of legislation extending key provisions of the Tax Cuts and Jobs Act (TCJA), the debate over who benefits most from the U.S. tax code has once again come into focus. Originally passed in 2017, the TCJA lowered indivi…
A recent item in the Wall Street Journal highlights the potentially dire situation facing residents of Carnegie House, a 324-unit brick co-op building on what’s now called ‘Billionaire’s Row’ in Midtown Manhattan just south of Centr…
Over the past few years, nearly all property owners, including shared interest communities, have seen sharp increases in their insurance premiums. That costs have spiraled and coverage gotten harder to obtain is obvious; the questions are, …
While they all collect fees from residents, it’s important to remember that condos, co-ops, and HOAs are nonprofit entities; those fees go right back into maintaining, repairing, and generally running the building those residents call home.…