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What debt-to-income ratio do you need to buy a co-op in NYC?
… … In order to buy a coop in New York City your debttoincome ratio should … … If your debttoincome ratio is above 35 percent your coop buying options may be reduced Unlike a bank where lending … publicize their requirements Some coop boards want to see buyers with twotimes the purchase price left over and a …
To buy or not to buy?
… Our reading of the comments so far Renting beats buying by a comfortable margin Here are some arguments on both sides Buying You dont have to move every 12 years as leases … rent stabilized apartment and are in for the long haul buying allows you to fix a huge portion of your expenses and …
