Buying a home in NYC is expensive and not really worth it considering the alternative return you would get for the money in an index fund. Renting is actually

Buying a home in NYC is expensive and not really worth it considering the alternative return you would get for the money in an index fund. Renting is actually not that bad though, especially these days in the segment of the market that a software engineer would be looking in. There's been a glut of luxury/luxury-ish new construction that has been driving prices down. And there's many more rentals coming on the market in 2018 [1], so I anticipate rents dropping even more. Like I said though, buying is still expensive for what you get because you're competing with professional investors and other folks who blindly think NYC housing is a good investment no matter what. [1] https://ny.curbed.com/2017/8/2/16082774/nyc-vacancy-brooklyn-manhattan-rentals https://ny.curbed.com/2017/8/2/16082774/nyc-vacancy-brooklyn...