Those few New Yorkers who live in rent-regulated or limited-equity co-op apartments that can be thousands of dollars cheaper than their market-rate neighbors have to accommodate the deja vu that sometimes comes with living in a place they’ve know since childhood.

That’s because those lucky souls who secure a spot in one of the city’s dwindling low-rent units — like Ella Leitner, whose parents paid $12,000 for her one-bedroom unit in 1993 in a limited-equity co-op that abutted their two-bedroom — sometimes grew up in the unit and secured it thanks to being related to the former owner or renter, the New York Times reports.

Leitner and her husband knocked down the wall between her and her parent’s apartment when her parents moved to Florida, and now they and their two children live in a spacious four-bedroom unit. But Letiner has to suffer her father’s tendency to rearrange items to the places they typically resided during his time in the unit when he visits. A small price to pay.

Source: New York Times

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×