Is it better to rent or buy a property?
Due to the high rentals problem the majority of New Yorkers are facing now at day. My own rent situation inspired me to look and write and at the same time help others.
Since I start working in real estate, I noticed that it is much better to buy than to rent a property because the rent that I pay goes to landlord while the mortgage I pay can some day came back to your pocket. For example, if you buy a house now that the market is low, lest say you buy a one family house for $ 350,000 your monthly payment, could be on $2200. Next year the market goes up and now your house value increased and the price is $40000 the equity is 50,000. That means that in one year you got 50,000 back to your pocket from the mortgage you had pay.
I’m writing to all people who are renting Apartment in NYC.
