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

… knock anyone whos getting helpwould  you  say no if your parents offered tens of thousands of dollars for a down … salary of a New York State millennial clocking in at $25000 per 2016 data bridging the gap can feel close to … have less than $1000 socked away in savings Thats the differential between the renter and the buyer the down payment …

By Virginia K. Smith |August 31, 2017 - 8:53AM
How long do you have to own in NYC for your investment to be worth it?

… out in order to buy it In the New York Times buy versus rent calculator one of the first questions is how long you … reason … This article was originally published in April 2017 … And on top of the usual fluctuations over the years … the time it would take for the accumulated costs of renting a home to equal or exceed the cost of buying and …

By Virginia K. Smith |August 29, 2017 - 1:00PM
Thinking your first home purchase should be outside the city? You're not alone (but read this first)

… choose to abandon their city buying plans continue renting here and buying outside the city instead The upsides … space for a lot less money … This story first ran in June 2015 but was updated in April 2017 … Over on Realtorcom one … former dairy farm in the Catskills for $260000 while still renting a 700square foot apartment in for himself and his …

By Lucy Cohen Blatter |April 7, 2017 - 9:59AM
What can I afford? After a stint in the suburbs, a buyer contemplates NYC pied-à-terres

… opportunity and may want to resell for a profit or rent it out in the future He adds that hes comfortable with … partner to explore his options  … The finances … Income $250000 plus a discretionary bonus of $150000 Retirement … to $12 million in liquid assets after the sale of his current home  Regular monthly expenses $13000 to $14000 this …

By Alanna Schubach |April 6, 2017 - 3:59PM