You Want To Know WHAT???!!!!

Dec 11, 2006

You found the apartment of your dreams, and more importantly, you can afford it. You've run all the numbers, and you even feel that you have some breathing room. Unfortunately, the coop board may not be as equally optimistic. For example, if a large portion of your annual compensation is derived from a bonus, they may question your ability to maintain this high bonus amount. And, in the unfortunate event that your salary goes down one year, the board is going to want a detailed explanation for the shortfall. Don't want your significant other to bear financial responsibility for the apartment? That's great, but the coop may want a full board package on him or her anyway; references, financial information, and landlord letter included! Digusted with the intrusive nature of the entire process? Be prepared to act carefree, happy, and glad to be there at the board interview. Smile a lot and don't ask too many prying questions (only the board members are allowed to do that!)

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