NYC has become more affordable for both buyers and renters
Study reveals NYC has become more affordable for both buyers and renters in the past 5 years Q1 2021 hedge fund letters, conferences and more Research by Online Mortgage Advisor looked into where in the world the affordability gap of property has grown the largest in recent years. The study has revealed New York City as becoming more affordable for the average person to both buy and rent. This was done by comparing how many square feet of property a person earning the average annual net salary in New York could afford to buy in 2020 compared to 2016. Key findings: New Yorkers could afford 6.4 ...