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I'm in NYC. Even if I bought something with a monthly down payment comparable to my current rent, it would be a lot less nice than the place I'm renting now. It
by Apreche 4y ago
I'm in NYC. Even if I bought something with a monthly down payment comparable to my current rent, it would be a lot less nice than the place I'm renting now. It would also be in a worse location. Even if I decided to do that, the down payment is a major issue. My savings grows, but the prices grow faster. I would need a sudden financial windfall of at least a few hundred K in order to buy. If I did receive such a windfall, and I found the right place, then I think I would end up buying. But I don't see that happening any time soon.