Last week I was turned down by a New York City co-op board.
The reactions of my real estate agent, my lawyer, the mortgage loan officer at the bank, and my very best friends could be summed up by a shocked, What the fuck?
I was not shocked. I was surprised. However, what surprised me most was that I was merely disappointed rather than deeply upset.
I had placed every detail of my financial life (along with references and endorsements regarding my integrity, value to the community, and all-around charm) in the hands of a group of strangers, that they might judge. Me. On their terms ...
I committed myself to getting this loft. My first offer was turned down. I was upset then. They chose another buyer "with better financials" who, ironically, couldn’t get financing in the end, so they came back to me. I decided to go for it. There were obstacles: Two mortgage brokers said I wouldn’t qualify for a loan in this new marketplace. I kept at it anyway.
I am self-employed. My business expenses cancel out a significant portion of my income, and on paper, I don’t fit into co-op board formulas.
Fitting in is not usually my number 1 goal. After a childhood and adolescence of trying to pass as "normal" (i.e., straight), by my 20s I had gone for a more noticeable style. I wore only white for many years and still tend to dress in light colors and wear a lot of cashmere scarves. I have often had long hair. I am one of only 12 who ride a Segway in Manhattan, which makes me an outlaw.
My work as a therapist came out of activism in the alternative healing community. We were the "lunatic fringe" in 1986: We were talking about living with HIV and quality of life. Today, I am doing the same work with HIV and other conditions, and it is "mainstream."
I have been employed in traditional jobs for a few months here and
there, but the bulk of my work has been freelance: as a performer in
New York, Italy, and Venezuela and on-screen; as the producer of theater
and concerts and events; as a New York City taxi driver (I lasted six months), a
waiter in Caracas, a sound engineer in Montreal. Life has been more an
adventure than a fiscal road map. Retirement plans and mortgages and
co-op boards were not high priorities.
Going for something is
easy. Not getting attached to the outcome is not so easy.
the principles I use in my practice of living is a four-word
affirmation given to me by a buddy, Steve Evans, before his death
from AIDS in 1989: "totally committed/completely unattached."
always hope I can hold on to this principle.
I got into
playing at real estate as I turned 40. The buying and selling and
redesigning of properties has been how I have made whatever capital I
have accumulated. I have owned homes in Santa Fe and on Long Island. I
have owned land in Brazil and the Dominican Republic, and two
apartments in New York City. After September 2008, I knew I would have a
challenge finding a mortgage. even though all three of my credit
ratings are in the 800s and I have successfully paid off three
mortgages, never once late for a payment. Luckily, my bank came
through for me. There are still banks that honor their relationships
with their clients, I am happy to report.
This board didn’t get
me. As much as I might have seen this as a defeat, I am glad I went
whole hog plus the postage for it. Commitment is my antidote to regret.
I have no regrets. How can I? I have learned a lot from the
experience. I understand my financial stats better. I realize the
value of my credit rating. I am grateful for my assets.
writing this column in Rio, on a trip I planned before I heard of the
space. I am participating in the opening of my ex’s company’s
Brazilian tour. My dog and I will spend the last days of August on the
North Fork of Long Island. Big deal, I won’t be moving this month to a
loft on 27th Street.
I am almost 60. I almost died 16 years ago.
Someone in my life died suddenly just 10 days ago. Real estate is a
luxury problem, not something to be attached to.
the box means that some folks just don’t get my game. Fitting in to
please them would be too high a price to pay. Another loft awaits me ... a
condo, I imagine. One with an outdoor space, OK? Striving to be
totally committed/completely unattached, I begin anew.