Staying long-term in NYC? Buying a home beats renting

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Renting vs Buying in NYC. Asked by Jj, New York, NY Thu Mar 31, 2011. I’ll be staying in NYC for 5 years. What I’m looking for is a studio somewhere in downtown or midtown. I’ll be getting support from my parents who are abroad and are non-citizens.

Senate Banking Committee Democrats fight for vote on Cordray nomination Democrats who control the Senate Banking Committee had enough votes to move ahead with Cordray’s nomination to lead the Consumer Financial Protection Bureau, but all 10 Republicans on the panel.

The New York Times ran this scary. Will it be cheaper in the long-term to maintain a home or keep paying rent? The answer is influenced by:. actually really like the house (i.e., it is something special not easily available through renting), buying is tough to beat in my opinion. Granted.

Fannie Mae moving REO management in-house Foreign investors pull out of US housing market The Chinese purchase more U.S. residential real estate than buyers. – A Chinese pull-back could have serious effects for some west coast housing markets.. investors could be dissuaded from buying property in the U.S. as a. is weakening even in some of the country's hottest housing markets.. China has become the largest foreign buyer of U.S. residential real estate.Fannie Mae and Freddie Mac are cornerstones of the mortgage market, Here are the three main steps in the moving a mortgage through the.

Tipping Point: When Buying Beats Renting in New York City. By John Wiley Feb. 15, 2016. Conventional wisdom tells us that if you plan to live in your next home for 50 years, it makes sense to buy. Conversely, if you plan to live in your next home for just six months, it probably makes more sense to rent.

When to Rent vs. Buy. As a renter, by contrast, you’ll likely just have to pay an application fee, fork over a broker’s fee and make a refundable security deposit of a few months’ rent. On the other hand, if you plan on staying put for 50 years, renting could be more expensive than buying over that time frame.

New home sales fall 0.3% in October  · Sales of new U.S. homes tumbled 5.3 percent in June and the median sales price also slipped, a potentially ominous sign for the U.S. housing market. The Commerce Department said Wednesday that.

However, despite the high price tag, the cost of buying a home still beats the cost of renting after less than five years in New York City, a new.

The Most Overlooked Mediterranean Paradise in Europe. "You need to stay in your home for a little over five and a half years for buying to make financial sense.". This year, Long places the tipping point at 5.6 years, on average, which is actually higher than the tipping point was last year — a result of rising mortgage rates,

The housing crisis and ensuing recession are long over, but that doesn’t necessarily mean it makes more sense to buy a home than it does to rent one.

FHFA: Fannie, Freddie will not require another bailout NAR applauds FICO update Always on the lookout for humor, I read with interest Brena Swanson’s article in HousingWire this afternoon, “nahb: homebuilder confidence reaches 6-month high,” as this comes on the heels of reports.SIGTARP Warns of Second Housing Bubble A couple of research reports released overnight by Deutsche Bank and Bank of America, respectively, come to a sobering conclusion: the fate of the global economy may be in the hands of the Chinese housing bubble.As a reminder, China is a serial bubble inflator courtesy of a closed (capital account) economy, and nearly $30 trillion in bank deposits which slosh from one asset class to another.The week ahead: Higher rates to buoy importance of servicing This will be the last Global Week Ahead of 2016 and the first Global Week Ahead of 2017. It combines what to expect over the coming week and the first week of January when many people return from vacation particularly in western markets. CANADA – SILENT. · The buzz about another possible bailout of Fannie Mae and Freddie Mac doesn’t make any sense, says Dick Bove.. Another Fannie Freddie bailout? No way: Dick Bove. (OTCQB: FMCC) may need an.

Read this before buying or renting your next home in NYC.. If you've been living in New York City for a while, you already know that a monthly rent. The increase in the amount of time it takes to break even can be attributed to both rising. in those boroughs where it's not quite easy to invest long-term.