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Metropolitan New York City
Reply to "Is it absolutely foolish to buy a 1BR in NYC for ~$500k?"
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[quote=Anonymous][quote=Anonymous]I've rented and owned in NYC and I strongly prefer renting. Maintenance is simpler in a rental, the buying & selling process is annoying and expensive in NYC, and appreciation is not that great. On the time frame you're talking about, it would be better to rent and put your extra $$ in an index fund.[/quote] Exactly, especially if you are new to the city. You need to first establish your foothold there and look around and see what areas you like and don't like and plan accordingly. I's foolish to buy in NYC without really knowing NYC[/quote]
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