While many 22-year-olds are looking to snag their first job and shacking up with a crew of roommates in far-out Brooklyn, one--Polly Mosendz--recently bought her first piece of property in Manhattan, a $250,000, 418-square-foot co-op in the Village.
Earlier this fall, she wrote about that experience in The Observer. Major Internet backlash ensued in publications like Gawker and the Huffington Post, where her experience was categorized as anything but “normal"--at least as far as coming up with a $50k downpayment at the typically paycheck-to-paycheck age of 22.
But to Mosendz, amassing the necessary capital was only a fraction of the challenge at hand.
"Buying an apartment in your early twenties is more than a matter of having the money to do so," she told BrickUnderground when we caught up with her. "It's a constant fight to be taken seriously by sellers, their agents, lawyers, financial institutions, and in the worst cases, even your own broker. All the money in the world doesn't matter if you don't have a good team on your side pushing the process forward."
If you're under 25 looking to make your property dream a reality, read BrickUnderground's guide to How to Buy a NYC Apartment and keep the following age-appropriate tips and tactics in mind.