How can a millennial without a trust fund afford to buy in NYC?

… stories of New Yorkers under the age of 35 whove managed to buy their own apartments the backstory usually involves an … for a down paymentbut for the majority of young wouldbe buyers that kind of influx of extra cash simply isnt in the … mortgage and building costs often arent much different than what youd be paying in rent theres unfortunately no getting …

By Virginia K. Smith |August 31, 2017 - 8:53AM
One way to wrangle cash for a down payment: Bring in a second buyer

… financing The agreement was that the first person would live in the apartment with his wife and pay the mortgage and … plan to sell it in two to three years They can reap the tax benefits of living in a property and paying mortgage taxes then sell the place at a profit a couple of years down …

By Bernard Klein |January 28, 2016 - 8:59AM