A reader recently came to our post regarding 888 Seventh Street, and asked a great question, which we’ll get to below. Rather than email her directly, thus hogging all the glory, we thought we’d use her question as a beta test of our vision of what this site could be. So…we’re posting her question, and hoping our Stammtisch comes through with some answers.
Thanks for putting up these Q&A’s! They’re very helpful, as the liveat888.com website is pretty sparse. My sister was actually selected from the lotto (we both entered), and we’re excited about the opportunity to purchase a condo (fingers crossed-we’re meeting with the banker today about qualifying). My question is, if we get the condo, and want to sell it, let’s say 30 years from now, would there be a restriction on the selling price? We aren’t looking to use this as an investment property, but if we decide to sell it later we don’t want to get totally ripped on the price.
–888 Seventh Street: an update [theFrontSteps]