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

… the biggest obstacle standing between most millennials and home ownership And it bears out Since 2004 alone home ownership rates among Americans under 35 have dropped … a lower down payment especially as the citys real estate market slows down In condos in particular youre much more …

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?

… the housing market gets distilled into one thing Its up Its down Its a buyers market Its a sellers market says Jonathan … funds which according to the finance website The Simple Dollar are generally considered to generate an annual return …  The question should really be more where do you want to live And investment is on the side says Miller It depends on …

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 … to 4 percent The bank didnt look at it as a secondhome purchase he writes because they didnt own their first home But our experts say if youre filing your tax returns in …

By Lucy Cohen Blatter |April 7, 2017 - 9:59AM
Is there one right way to save for a down payment?

… realm its generally considered safer to invest in index funds which pull from a pool of diversified investment …

By Virginia K. Smith |April 6, 2017 - 11:59AM