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 … of a New York State millennial clocking in at $25000 per 2016 data bridging the gap can feel close to impossible  Below … 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 … 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
In defense of renters: Why buying isn't always the right decision

… coop those include the cost of upkeep for the building and taxes For condos the numbers are usually somewhat lower are … at least for many parts of NYC Also remember that when you sell you have to pay  a broker transfer fees in a coop in … your payment goes to interest than principal Gradually it reduces and your tax deductions decrease over time That said …

By Lucy Cohen Blatter |August 28, 2017 - 12:15PM
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 … finances … Income $250000 plus a discretionary bonus of $150000 Retirement $400000 Cash on hand for a down payment … 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
Any regrets? A check-in with a first-time buyer who chronicled her agonizing apartment-hunt for Brick

… blips that can come up Yesterday we launched a new column Rookie Buyer featuring our former Rental Rookie writer whos now on the hunt for an apartment to buy …

By Lucy Cohen Blatter |April 6, 2017 - 12:59PM
Looking for an under-$400K apartment? Believe it or not, we've found some in every borough

… Ready to stop renting but dont know how youll ever manage to pay for your … Buyers Week here at Brick Underground weve highlighted 10 seriously affordable units across all five boroughs that … laundry room storage bike room and a landscaped garden at 127 West 96th Street between Columbus and Amsterdam avenues …

By Leah Hochbaum Rosner |April 6, 2017 - 9:59AM