< Return to Talk
07.02.08, 07:10 AM New York City
22 replies
Good time to buy, or should we continue to rent. Really need a larger space. Now in rent control. Rental prices are shocking. So afraid of buying and then market crashing. Not certain we will be here five years, but I have been saying that forever. [ Reply | Watch | Flag ]
New York City 07.02.08, 07:10 AM Flag
 

Dear UrbanBaby community,

Thank you so much for being a valued member of the UrbanBaby community. We wanted to inform you that we are shutting down the site on July 6th. We are grateful for your participation and support that has helped make UrbanBaby such an important resource to parents for many years.

If you have any questions or concerns, you can email us at urbanbaby-support@cbsinteractive.com.

Thanks so much,

UrbanBaby Support

»
^^^sorry now stabilized, not controlled. [ Reply | More
]
General Topics 07.02.08, 07:10 AM Flag
»
Run the numbers taking into consideration out of pocket outlay, lost interest on downpament and tax deductions but NOT any appreciation - is it cheaper to buy or rent (obviously compare equivalent apartments)? [ Reply | More
]
General Topics 07.02.08, 07:12 AM Flag
»
we're going to rent but nt for much longer. [ Reply | More
]
General Topics 07.02.08, 07:14 AM Flag
»
You thinking months or years? How much do you spend on rent now and for how much space? [ Reply | More
]
General Topics 07.02.08, 07:21 AM Flag
»
1-2 years tops. and now we pay 7500 for 1600+ sq feet [ Reply | More
]
General Topics 07.02.08, 07:35 AM Flag
»
Where is that? That is a huge rent- you could be paying half that on a mortgage for about the same space, after taxes [ Reply | More
]
General Topics 07.02.08, 07:37 AM Flag
»
How much are you assuming this woman has to put down. An apt that size will cost at least 1.6MM in Manhattan? It will probablly also have maintenance of at least 2-2.5K only part of which will be taxes. [ Reply | More
]
General Topics 07.02.08, 07:39 AM Flag
»
Yes, and in Brooklyn she could get the same for MUCH less with a much smaller maintenance/taxes if it is a new condo. I assume someone who spends 7500 in rent can afford a downpayment of several hundred thousand, even if its taken out of other funds [ Reply | More
]
General Topics 07.02.08, 07:41 AM Flag
»
we are talking manhattan. yes, i could pay less n brooklyn, but that's not the choice we have made. [ Reply | More
]
General Topics 07.02.08, 07:42 AM Flag
»
then you're stuck overpaying to live in a small space. sorry [ Reply | More
]
General Topics 07.02.08, 07:44 AM Flag
»
1600 sq feet really doens't feel small. sorry. [ Reply | More
]
General Topics 07.02.08, 07:45 AM Flag
»
the apartment woudl go for over 2MM, is my guess. lots of unique features. and teh maintenance would be huge. [ Reply | More
]
General Topics 07.02.08, 07:42 AM Flag
»
we don't get a tax deduction for a mtge because of AMT. [ Reply | More
]
General Topics 07.02.08, 07:40 AM Flag
»
same boat. i think we are ready to buy. i think prices are still inflated but i feel like if we offer something i think is reasonable, the market isn't going to crash much further. and even if it does, i don't care that much b/c i'll be in a house that i could afford. [ Reply | More
]
General Topics 07.02.08, 07:22 AM Flag
»
So you are looking outside of NYC. I am talking coop/condo purchase in Manhattan and I am scared. [ Reply | More
]
General Topics 07.02.08, 07:34 AM Flag
»
outer borough. housing prices have dropped a little and there's still a lot of wiggle room [ Reply | More
]
General Topics 07.02.08, 07:34 AM Flag
»
coops are things of the past and archaic in terms of getting in to. have you considered outer boroughs? WAY more condos [ Reply | More
]
General Topics 07.02.08, 07:38 AM Flag
»
Need to be here for SN school and jobs. [ Reply | More
]
General Topics 07.02.08, 07:41 AM Flag
»
Brooklyn has SN schools and is close to manhattan so you can all get there. Have you even considered it? [ Reply | More
]
General Topics 07.02.08, 07:42 AM Flag
»
Once you get into one of these schools you don't give up your spot, trust me on this. Been at this game for a long time. [ Reply | More
]
General Topics 07.02.08, 07:43 AM Flag
»
you wouldn't give up a spot if you moved - don't you understand this? [ Reply | More
]
General Topics 07.02.08, 07:44 AM Flag
»
i don't have a sn dc and i even know-it is incredibly hard to place dc's sometimes. if op has a spot, may not want to start process over [ Reply | More
]
General Topics 07.02.08, 07:45 AM Flag
Refresh » New Post »
Select Category
close [X]

close [X]

Select a Category (only 1)

category
Stages
Regions