#nyc-housing-affordability

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#home-down-payments #rental-market-trends #median-income #inventory-constraints
NYC real estate
fromNew York Post
2 weeks ago

It takes 20 years for New Yorkers to save for a 20% down payment as affordability issues persist

A median-priced NYC home requires about 20 years of disciplined saving for a median-income earner, while rents keep rising and inventory keeps shrinking.
fromCity Limits
2 months ago

How NYC's Housing Crisis is Squeezing its Small Businesses

His monthly rent has climbed to more than $11,000 a month, from roughly $2,000 when he first opened. Produce costs have spiked under new tariffs. Utilities and fees keep rising. And customers already drained by soaring housing costs are buying less.
NYC real estate
fromCurbed
3 months ago

I Want to Buy a Brownstone With My Best Friend

My best friend and I have been talking about buying a two-family house and living in it together. We're both in our late 30s and have wanted to buy for a while, but everything is out of our range as solo buyers - so going for it together seems like the ideal (and only) way to get out of the rental market in New York City.
New York City
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