Rents are soaring....Its time to buy

When Lehman Bros crashed in Sept 2008 many New Yorkers lost their jobs causing a glut in rental apartments around the city.  Landlords, desperate to fill vacant apartments began offering incentives and lower rents.

Well, that was then and this is now and now has rents soaring. Many of the tenants that signed leases two years ago are facing sticker shock as their renewals come in the mail. Rents that were $2,250 are now $2,800. And rents that were $3,000 are now $3,750.

What are you supposed to do? BUY!!!!

Interest rates are very low, you can now borrow $100,000 for only $450 a month. If you can borrow the downpayment from family or friends its far more economical to buy than to rent these days.

Let us know if we can help.