Staying long-term in NYC? Buying a home beats renting

The choice between buying a home and renting one is among the biggest financial decisions that many adults make. But the costs of buying are more varied and complicated than for renting, making it.

Answer 1 of 9: I am looking for a reliable site, agent, organization, etc. to assist in finding a long term rental in the NYC area.. Long(ish) Term Rentals – New York City Forum. height of the season!) for at least 6 weeks (and another 3 months post-release). I have the option of staying.

We’re in NYC for the long term, are looking for a family-sized apartment that we can live in for 7-10 years. Lots of things about the idea of buying are still unsettling (massive downpayment, high/increasing maintenance and RE taxes, prices that still feel sort of nuts, etc.), but we do want a place to call our own, do our own renovations.

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Buying in markets such as these only makes sense if you’re in it for the very long term. Many experts measure home price affordability. including tax incentives for staying in place and a high.

A general rule of thumb: The higher a home is priced, the longer you'll need to stay in it to make the investment pay off relative to renting.

Tipping Point: When Buying Beats Renting in New York City. By John Wiley Feb. 15, 2016. Conventional wisdom tells us that if you plan to live in your next home for 50 years, it makes sense to buy. Conversely, if you plan to live in your next home for just six months, it probably makes more sense to rent.

In much of Manhattan, it would take a decade or longer for buying. Manhattan, yet they're still so high that renters may want to stay put.. “There are a lot of expensive homes on the market and it's hard to build a case for long-term price. In Brooklyn, buying beats renting in almost six years in Park Slope,

Advice about rent vs buy in New York on Trulia Voices. Ask a question about real estate , rent vs buy in New York, and get answers from local experts.

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