Thanks some much for the pod casts, your insights and interviews are very informative.

I have a question/ topic related to building standards for lending… I know the current market is changing because of tighter lending standards, esp. down payment requirements, etc.

So far I have not heard much about changed lending standards for the buildings / types of units themselves, and wonder if that may become an issue again soon.

Since so much of the current sales seems to be first time buyers in smaller units, it made me wonder about something I remember from the early nineties.

I had a friend who had a studio condominium on Central Park West. In the early nineties, he merely wanted to refinance to a lower rate and had very serious difficulties finding bank to do so because they wouldn’t lend money on studio apartments AT ALL, and one bedrooms only under specific building conditions.

If I recall correctly, for financing on a one bedroom, the building had to have 1)50%+ owner occupation, 2) more than 40 units and 3) an elevator. SO studio apartments or walk up apartments were difficult or impossible to sell, except for cash.

SO, do you think something similar might be on the horizon, esp. as all the new apartments get completed?

Thank you for your consideration.

I am very much enjoying your podcast.

I would like to know more about becoming an appraiser, what the job entails, and anything you think a graduating college senior should know going forward in the real estate arena.

Thanks a lot.

Ben M.