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First-Time Buyers Week
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 …
How long do you have to own in NYC for your investment to be worth it?
… to explain the popularity of our citys market with foreign buyers looking for places to stash their cash And in large … to be less volatile than real estate in other cities But buying an apartment is a lot more complicated than snapping … the side says Miller It depends on where your finances are what your employment is and how long you plan to be in this …
In defense of renters: Why buying isn't always the right decision
… only be achieved when you actually own your home and that renting should just be a temporary thinga brief detour on … that nearly twothirds of New Yorkers City residents are renters the American Dream trajectory just doesnt work the … off and disqualify many buyers plus theres just a lot more rental housing stock Given this weve decided to ask those in …
So what's a co-op board interview really like?
… of The Agency a techsavvy real estate brokerage that gives buyers and renters access to the same database of listings … to disagree with your opinions by not letting them know what your opinions are in the first place Even if you have a … that is the refreshingly simple way for New Yorkers to buy sell and rent apartments … Q I know coops are more …
Thinking your first home purchase should be outside the city? You're not alone (but read this first)
… Sometimes buying in the city is just out of reachor too large … choose to abandon their city buying plans continue renting here and buying outside the city instead The upsides … former dairy farm in the Catskills for $260000 while still renting a 700square foot apartment in for himself and his …
Any regrets? A check-in with a first-time buyer who chronicled her agonizing apartment-hunt for Brick
… Buying an apartment in NYC can be so complex an … that can come up Yesterday we launched a new column Rookie Buyer featuring our former Rental Rookie writer whos now on … The apartment directly above me sold for $85000 more than what I paid for mine and it was not renovated Im not gonna …
Is there one right way to save for a down payment?
… obstacle facing most firsttime buyers is come up with the down payment And if youre working aggressively to build the tens … accounts which are like savings account but with higher minimum deposit requirements more restrictions on …
Real-life buyers on the mistakes they made and what they learned from buying in NYC for the first time
… As the adage goes Live and learn But in New York City you could easily tweak it to buy and learn Purchasing property here is an expensive and …