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 … to be able to buy with just 10 percent down With condos as long as you have a commitment letter from the bank they dont … charges that are well below $1000month says Roberson However you might find wellpriced condos in areas like Upper …

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?

… to explain the popularity of our citys market with foreign buyers looking for places to stash their cash And in large … buy versus rent calculator one of the first questions is how long you plan to stay in your apartment for precisely this …

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 … again all in the last four yearsto find out more about how the buyingversusrenting conundrum plays out in this city … apartment wont double in price says Lahav Those days are long gone at least for many parts of NYC Also remember that …

By Lucy Cohen Blatter |August 28, 2017 - 12:15PM
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 a … from the city But there are several things to consider … How will the mortgage work  … The author of the piece says … to qualify for a vacation home than it is an apartment As long as the income assets and credit work she says And …

By Lucy Cohen Blatter |April 7, 2017 - 9:59AM