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I have the opportunity to buy a new condo with 421A Tax Abatement for less than 5$ /month for the next 25years. What you’d do? I just wanted to get a second opinion. Thanks for your time.
Hey Tonja, can you believe that…5min before I posted this question I did read the exact same article at urbandigs.com…That’s funny 🙂

2 Thoughts on If you have the chance to buy a “sponsored property” wouldn’t you get that away or not? Why?
  1. Reply
    Tonja
    November 22, 2011 at 6:48 pm

    Here is an excellent link on why not to do this.

    http://www.urbandigs.com/2007/04/biggest_scam_in.html

    Good luck to you.

  2. Reply
    kemperk
    November 22, 2011 at 7:41 pm

    this seems like a city tax version of an ARM…..

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