Here’s another interesting rent v. own article from the New York Times. Just where is the Chronicle with anything other than gloom and doom? Send me an article, people, please!
Read on for: When Renters Reach the Breaking Point! “WHETHER they preferred apartments uptown or downtown, walk-up or doorman buildings, and old or new construction, many New Yorkers agreed on one thing about the Manhattan real estate market in the last year: it was safer to rent than to buy.
Now, many tenants are crying uncle… ‘When you buy, you’re expecting to pay a little bit more because you want better for yourself, she said. When you include the tax write-off, it came closer to his rent.” Read the entire article HERE.