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Rent or Buy?

The New York Times (8/18, Higgins, Subscription Publication, 1.23M) reported, "Blanching at their rent bills, more New Yorkers are being forced to confront that age-old question, should I rent, or does buying make more sense? In many cases, the hard numbers point toward the latter." Rents for Manhattan apartments are at record highs. Meanwhile, "apartments for sale have held relatively steady in price from the start of the year and are down from the market peak in 2008."

 
 
 


Published Date: August 20, 2012


The contents of this article are the views of the author(s) and do not necessarily reflect the views or policies of the U.S. Department of Housing and Urban Development or the U.S. Government.







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