Housing

Boomer’s 4-Step Guide to Closing Down or Downsizing a City Apartment
Boomer’s 4-Step Guide to Closing Down or Downsizing a City Apartment

Boomer’s 4-Step Guide to Closing Down or Downsizing a City Apartment

by William Beavers Many city boomers downsize when they find themselves with an empty nest, or they simply decide to trade their home for a more compact living space. Or perhaps they are faced with the task of closing down their parent’s home, filled to the brim with possessions amassed during a long life. But…
Looking for a Rental Apartment in NYC: 6 Things You Need to Know
Looking for a Rental Apartment in NYC: 6 Things You Need to Know

Looking for a Rental Apartment in NYC: 6 Things You Need to Know

Whether you’ve lived in New York City for years or are ready to relocate, you’ll find it’s a jungle out there when you start looking for a rental apartment. It’s stressful and expensive. There are a few things you learn very quickly. 1. You need to prove income of at least 40X your rent The first thing…
City Boomer’s Quick Guide to NYC Rental Apartments
City Boomer’s Quick Guide to NYC Rental Apartments

City Boomer’s Quick Guide to NYC Rental Apartments

The first thing you should know about New York City’s rental apartments is that the market is divided in three parts: rent-controlled, rent-stabilized and market-rate apartments.  Each has its special features that you need to understand when you start looking for your NYC apartment. Rent-Controlled: These apartments are the holy grail for tenants. These are the 6-room…
Limited Equity vs. Market Rate Co-ops
Limited Equity vs. Market Rate Co-ops

Limited Equity vs. Market Rate Co-ops

If you are planning to move into New York City and buy an apartment, the first thing you need to decide is do you want a condo or a co-op.  Since New York is one of the few  cities where co-ops dominate, it is likely that you’ll end up looking at co-ops, in which case…
Co-op vs. Condo
Co-op vs. Condo

Co-op vs. Condo

You just sold your big suburban home and are ready to make the move to New York City.  The first big decision you’ll face is should you buy or rent?  If you decide to buy, second decision is co-op or condo? But does it make any difference which one you choose?  The short answer is, yes it does.…