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

… stories before Not to knock anyone whos getting helpwould  you  say no if your parents offered tens of thousands of … mortgage and building costs often arent much different than what youd be paying in rent theres unfortunately no getting … awash in wellpriced prewar coops I think most of what millennials will be looking at will be coops because …

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?

… Its an old saw at this point that New York City real estate is one of the safest investments one can possibly make In fact this …

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

… Many of us have it ingrained in our minds that true adulting … from coops and condo boards turn off and disqualify many buyers plus theres just a lot more rental housing stock … all in the last four yearsto find out more about how the buyingversusrenting conundrum plays out in this city and how …

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)

… turned off by the onerous process of buying an apartment in NYC the coop rules the strict financials the stretching of … 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 …

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

… to a smaller house in the burbs purchasing a piedàterre in NYC and dividing his time between the two places  For his … opportunity and may want to resell for a profit or rent it out in the future He adds that hes comfortable with … 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