How long do you have to own in NYC for your investment to be worth it?

… than snapping up some stocks or stashing cash in an index fund and it can take a number of years before potential price appreciation on your home outweighs the upfront cash you laid out in order to buy … time it would take for the accumulated costs of renting a home to equal or exceed the cost of buying and owning a …

By Virginia K. Smith |August 29, 2017 - 1:00PM
In defense of renters: Why buying isn't always the right decision

… from coops and condo boards turn off and disqualify many buyers plus theres just a lot more rental housing stock … its not always exactly the slam dunk you might think Heres why … Your money could be working harder elsewhere … People … theyre forgetting about an extra $2000 or so they may be paying for building maintenance each month Ramnani adds that …

By Lucy Cohen Blatter |August 28, 2017 - 12:15PM
What can I afford? After a stint in the suburbs, a buyer contemplates NYC pied-à-terres

… our What Can I Afford column isnt your classic firsttime buyer He is however looking to buy in the city for the first … to a smaller house in the burbs purchasing a piedàterre in NYC and dividing his time between the two places  For his … allow Plus hell need to set aside additional funds for closing costs and demonstrate postclosing liquidity whether …

By Alanna Schubach |April 6, 2017 - 3:59PM
Any regrets? A check-in with a first-time buyer who chronicled her agonizing apartment-hunt for Brick

… blips that can come up Yesterday we launched a new column Rookie Buyer featuring our former Rental Rookie writer whos now on the hunt for an apartment to buy …

By Lucy Cohen Blatter |April 6, 2017 - 12:59PM
Real-life buyers on the mistakes they made and what they learned from buying in NYC for the first time

… We have been the victim of a lot of doityourself home improvements from nonexperts and we have spent the last year … are goldplated Im not sure we needed to buy the level of custom we did Second realize there is a very very wide …

By Lucy Cohen Blatter |April 6, 2017 - 8:59AM