Co-op or Condo? Which is the most strict?

Question

What is the difference between co-op or condo in NYC. My girlfriend told me that you have to pass a board, which can be extremely strict . She also said that you have to have social and character or personal references. Which is usually more expensive and which is more reasonable.

Answer 1

In both cases you are at the mercy of the home owners association,the oprative word being MERCY.