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NYC Agents... Has the market tipped to buying being cheaper than renting?
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Currently looking to move at the worst possible time (see my post history as to why). And I'm noticing that filthy studios downtown that would have been going for 2400 two years ago have skyrocketed to 3k or more. Which led me to look at sales, and I found that because mortgages are so cheap now, depending on the unit, its nearly a full 1k cheaper to mortgage a one-bed rather than rent a similar unit.

Curious if anybody in the market or in RE has been seeing the same thing or if I'm just not noticing my own lifestyle creep.

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4 years ago