{"id":3885,"date":"2009-02-24T06:35:36","date_gmt":"2009-02-24T10:35:36","guid":{"rendered":"http:\/\/www.renthop.com\/news\/?p=139"},"modified":"2009-02-24T06:36:23","modified_gmt":"2009-02-24T11:36:23","slug":"flip-tax-shortages-double-whammy-for-co-op-buyers","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/","title":{"rendered":"Flip Tax Shortages: Double Whammy For Co-op Buyers"},"content":{"rendered":"

In today’s piece, we take a break from the usual rant about no fee Manhattan rentals lists<\/a> and focus on the sales market<\/a>.<\/p>\n

The Nasty Closing Cost: Flip Tax<\/strong><\/h2>\n

After reading Teri Rogers’s article in the New York Times, The Downside of Condos in a Downturn<\/em>, many co-op owners<\/a> must be rejoicing their decision to forgo the subletting optionality and transferability of a condo.\u00a0 While we agree with the majority of the points in the article, there is a bit of a flip side to the story in which co-ops dependent on high transaction volume are encountering large budget deficits.\u00a0 Most co-ops impose some transaction fees on all parties during a purchase and sale of an apartment (technically shares of the co-op).\u00a0 These fees range from perfectly reasonable ($50 messenger service fee), to borderline justifiable ($1,000 in misc. administrative fees), to outright co-op profit (tens of thousands of dollars in flip tax).<\/p>\n

What is a Flip Tax?<\/strong><\/h2>\n

A co-op is not in the business of making money and paying dividends to its shareholders.\u00a0 A co-op is simply a legal entity that governs the building, the tenants, and the expenses.\u00a0 Under normal circumstances, the building expenses such as the doorman wages and common area maintenance are paid by the residents in the form of monthly maintenance fees.\u00a0 The fees each resident pays is proportional to the number of shares assigned to their unit, so while the fees can rise and fall each year, the ratio of fees an owner pays relative to his or her neighbors stays constant through the years.<\/p>\n

In times of inflation and annual price increases for a basket of co-op expenses, we would expect the maintenance fees to increase each year.\u00a0 Fortunately, several boards discovered a seemingly innocent way to peg their revenues with inflation without charging the owners higher dues: the flip tax.<\/p>\n

A flip tax is a fee, usually a percentage of the purchase price of the apartment, paid to the co-op during a purchase and sale of a unit.\u00a0 For example, a $600,000 apartment in a building with a 3% flip tax means the seller must pay $18,000 to the co-op at closing (some sellers will stipulate that the buyer must pay the flip tax in addition to their bid price, which of course must be negotiated prior to contract signing).\u00a0 Keep in mind that a typical monthly maintenance fee for a $600,000 apartment is about $1,200, or $14,400 a year, so co-ops that see a healthy turnover of units will collect lots of extra revenue per year.<\/p>\n

Benefits of the Flip Tax:<\/strong><\/h2>\n

During the Manhattan real estate boom from 2002 through 2007, the flip tax helped co-ops tremendously.\u00a0 First, the higher transactions costs discouraged home flippers from taking leveraged long housing beta plays (hence a widening of the co-op \/ condo basis).\u00a0 A stable community is generally desirable, as it creates more longer term residents who will likely participate in community activities and who may someday serve on the board.\u00a0 Second, for the units that do change hands, the co-op gains a nice revenue injection, often equal or greater than a year of the subject unit’s maintenance fee.\u00a0 Finally, the flip tax naturally tracks housing prices, which during the boom period more than beat inflation.\u00a0 The long-term shareholders get the biggest windfall, for their maintenance fees can stay low, subsidized by the investors and home-flippers who trade in and out of the community.<\/p>\n

The Double Whammy:<\/strong><\/h3>\n

Sadly, those good times came to a screeching halt in the Fall of 2008, as the housing downturn finally hit Manhattan full force.\u00a0 Now, the co-op owners will have difficulties selling their units without offering a deep discount from a few months prior.\u00a0 As buyers become scarce and sellers defiant, the bid \/ offer spreads widen, liquidity dries up, and transaction volume plummets.\u00a0 The end result, no one is buying or selling, meaning no flip tax revenues are collected.<\/p>\n

For years, co-op boards have been able to budget in flip taxes from a reasonable turnover rate, and now all of those projections have fallen short.\u00a0 Any co-op that has mysteriously seen flat maintenance fees may begin to see rate hikes, and those with rising fees may see an acceleration.\u00a0 Until real estate transaction volume resumes, the gravy train of inflation-indexed subsidies have vanished, and the doormen won’t be happy to take a paycut.<\/p>\n

RentHop.com – No Fee Apartments NYC<\/strong><\/p>\n

Rent Hop offers visitors free, no-fee apartments listings for the Manhattan and New York City<\/a> area. We seek to ease the apartment hunting process by providing you with all the information you need to find, research, and view available NYC apartments.<\/p>\n

Editor’s Note: We have updated this article to enhance readability.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In today’s piece, we take a break from the usual rant about no fee Manhattan rentals lists and focus on the sales market. The Nasty Closing Cost: Flip Tax After reading Teri Rogers’s article in the New York Times, The Downside of Condos in a Downturn, many co-op owners must be rejoicing their decision to […]<\/p>\n","protected":false},"author":4,"featured_media":19259,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"no","footnotes":""},"categories":[154],"tags":[],"class_list":{"0":"post-3885","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-trends"},"yoast_head":"\nFlip Tax Shortages: Double Whammy For Co-op Buyers - Real Estate Topics, Tips, and Guides<\/title>\n<meta name=\"description\" content=\"Learn about flip-tax shortages and how co-op buyers should prepare to purchase a property in the New York City area.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flip Tax Shortages: Double Whammy For Co-op Buyers\" \/>\n<meta property=\"og:description\" content=\"Learn about flip-tax shortages and how co-op buyers should prepare to purchase a property in the New York City area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Topics, Tips, and Guides\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/renthopapartments\" \/>\n<meta property=\"article:published_time\" content=\"2009-02-24T10:35:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2009-02-24T11:36:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/02\/Flip-Tax-Shortages-Double-Whammy-For-Co-op-Buyers-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lee Lin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@renthop\" \/>\n<meta name=\"twitter:site\" content=\"@renthop\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lee Lin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/\"},\"author\":{\"name\":\"Lee Lin\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7\"},\"headline\":\"Flip Tax Shortages: Double Whammy For Co-op Buyers\",\"datePublished\":\"2009-02-24T10:35:36+00:00\",\"dateModified\":\"2009-02-24T11:36:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/\"},\"wordCount\":779,\"publisher\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/02\/Flip-Tax-Shortages-Double-Whammy-For-Co-op-Buyers-scaled.jpg\",\"articleSection\":[\"Market Trends\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/\",\"url\":\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/\",\"name\":\"Flip Tax Shortages: Double Whammy For Co-op Buyers - Real Estate Topics, Tips, and Guides\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/02\/Flip-Tax-Shortages-Double-Whammy-For-Co-op-Buyers-scaled.jpg\",\"datePublished\":\"2009-02-24T10:35:36+00:00\",\"dateModified\":\"2009-02-24T11:36:23+00:00\",\"description\":\"Learn about flip-tax shortages and how co-op buyers should prepare to purchase a property in the New York City area.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#primaryimage\",\"url\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/02\/Flip-Tax-Shortages-Double-Whammy-For-Co-op-Buyers-scaled.jpg\",\"contentUrl\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/02\/Flip-Tax-Shortages-Double-Whammy-For-Co-op-Buyers-scaled.jpg\",\"width\":2560,\"height\":1707},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.renthop.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Flip Tax Shortages: Double Whammy For Co-op Buyers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#website\",\"url\":\"https:\/\/www.renthop.com\/blog\/\",\"name\":\"Real Estate Topics, Tips, and Guides\",\"description\":\"Real Estate Blog\",\"publisher\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.renthop.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\",\"name\":\"RentHop\",\"url\":\"https:\/\/www.renthop.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2023\/07\/renthop-logo-2022-1.png\",\"contentUrl\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2023\/07\/renthop-logo-2022-1.png\",\"width\":1044,\"height\":266,\"caption\":\"RentHop\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/renthopapartments\",\"https:\/\/x.com\/renthop\",\"https:\/\/www.instagram.com\/renthop\",\"https:\/\/www.tiktok.com\/@renthopofficial\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7\",\"name\":\"Lee Lin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7b4b1bbaae3cb6097f29213cbd5fd183?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7b4b1bbaae3cb6097f29213cbd5fd183?s=96&d=mm&r=g\",\"caption\":\"Lee Lin\"},\"description\":\"Lee is a data geek from MIT who spent years at quantitative hedge funds cranking out models to explain and predict financial markets. Real estate has always been a big part of Lee's life. He grew up helping out at his parents' Jersey Shore motels, became a landlord his first year out of college, analyzed mortgages on a fixed-income trading desk, and acquired a New York real estate license. At RentHop, he combines his nerd talents and real estate knowledge to constantly tweak the secret HopScore. He currently lives near Bryant Park and his favorite restaurant was Cafe Zaiya (now known as Tomiz).\",\"url\":\"https:\/\/www.renthop.com\/blog\/author\/lee\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Flip Tax Shortages: Double Whammy For Co-op Buyers - Real Estate Topics, Tips, and Guides","description":"Learn about flip-tax shortages and how co-op buyers should prepare to purchase a property in the New York City area.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/","og_locale":"en_US","og_type":"article","og_title":"Flip Tax Shortages: Double Whammy For Co-op Buyers","og_description":"Learn about flip-tax shortages and how co-op buyers should prepare to purchase a property in the New York City area.","og_url":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/","og_site_name":"Real Estate Topics, Tips, and Guides","article_publisher":"https:\/\/www.facebook.com\/renthopapartments","article_published_time":"2009-02-24T10:35:36+00:00","article_modified_time":"2009-02-24T11:36:23+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/02\/Flip-Tax-Shortages-Double-Whammy-For-Co-op-Buyers-scaled.jpg","type":"image\/jpeg"}],"author":"Lee Lin","twitter_card":"summary_large_image","twitter_creator":"@renthop","twitter_site":"@renthop","twitter_misc":{"Written by":"Lee Lin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#article","isPartOf":{"@id":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/"},"author":{"name":"Lee Lin","@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7"},"headline":"Flip Tax Shortages: Double Whammy For Co-op Buyers","datePublished":"2009-02-24T10:35:36+00:00","dateModified":"2009-02-24T11:36:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/"},"wordCount":779,"publisher":{"@id":"https:\/\/www.renthop.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#primaryimage"},"thumbnailUrl":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/02\/Flip-Tax-Shortages-Double-Whammy-For-Co-op-Buyers-scaled.jpg","articleSection":["Market Trends"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/","url":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/","name":"Flip Tax Shortages: Double Whammy For Co-op Buyers - Real Estate Topics, Tips, and Guides","isPartOf":{"@id":"https:\/\/www.renthop.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#primaryimage"},"image":{"@id":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#primaryimage"},"thumbnailUrl":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/02\/Flip-Tax-Shortages-Double-Whammy-For-Co-op-Buyers-scaled.jpg","datePublished":"2009-02-24T10:35:36+00:00","dateModified":"2009-02-24T11:36:23+00:00","description":"Learn about flip-tax shortages and how co-op buyers should prepare to purchase a property in the New York City area.","breadcrumb":{"@id":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#primaryimage","url":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/02\/Flip-Tax-Shortages-Double-Whammy-For-Co-op-Buyers-scaled.jpg","contentUrl":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2009\/02\/Flip-Tax-Shortages-Double-Whammy-For-Co-op-Buyers-scaled.jpg","width":2560,"height":1707},{"@type":"BreadcrumbList","@id":"https:\/\/www.renthop.com\/blog\/flip-tax-shortages-double-whammy-for-co-op-buyers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.renthop.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Flip Tax Shortages: Double Whammy For Co-op Buyers"}]},{"@type":"WebSite","@id":"https:\/\/www.renthop.com\/blog\/#website","url":"https:\/\/www.renthop.com\/blog\/","name":"Real Estate Topics, Tips, and Guides","description":"Real Estate Blog","publisher":{"@id":"https:\/\/www.renthop.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.renthop.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.renthop.com\/blog\/#organization","name":"RentHop","url":"https:\/\/www.renthop.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2023\/07\/renthop-logo-2022-1.png","contentUrl":"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2023\/07\/renthop-logo-2022-1.png","width":1044,"height":266,"caption":"RentHop"},"image":{"@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/renthopapartments","https:\/\/x.com\/renthop","https:\/\/www.instagram.com\/renthop","https:\/\/www.tiktok.com\/@renthopofficial"]},{"@type":"Person","@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7","name":"Lee Lin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7b4b1bbaae3cb6097f29213cbd5fd183?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7b4b1bbaae3cb6097f29213cbd5fd183?s=96&d=mm&r=g","caption":"Lee Lin"},"description":"Lee is a data geek from MIT who spent years at quantitative hedge funds cranking out models to explain and predict financial markets. Real estate has always been a big part of Lee's life. He grew up helping out at his parents' Jersey Shore motels, became a landlord his first year out of college, analyzed mortgages on a fixed-income trading desk, and acquired a New York real estate license. At RentHop, he combines his nerd talents and real estate knowledge to constantly tweak the secret HopScore. He currently lives near Bryant Park and his favorite restaurant was Cafe Zaiya (now known as Tomiz).","url":"https:\/\/www.renthop.com\/blog\/author\/lee\/"}]}},"modified_by":"Allyson Waddell","_links":{"self":[{"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/posts\/3885"}],"collection":[{"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/comments?post=3885"}],"version-history":[{"count":4,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/posts\/3885\/revisions"}],"predecessor-version":[{"id":19260,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/posts\/3885\/revisions\/19260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/media\/19259"}],"wp:attachment":[{"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/media?parent=3885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/categories?post=3885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.renthop.com\/blog\/wp-json\/wp\/v2\/tags?post=3885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}