Go Policy GuideGo Policy GuideGo Policy GuideGo Policy Guide
  • Home
  • Auto
  • Homeowners
  • Health
  • Life
  • Mortgages
  • Glossary

You Have to Live in New York City for 18 Years to make Buying Worth It

    Home Mortgages You Have to Live in New York City for 18 Years to make Buying Worth It
    NextPrevious

    You Have to Live in New York City for 18 Years to make Buying Worth It

    By Go Policy Guide | Mortgages | Comments are Closed | 25 January, 2016 | 0

    The median sale price for a home in New York City is $1.2 million. A key factor when deciding whether to buy or rent with incredibly high prices like these, is to know exactly how long you plan on staying in that home.

    SmartAsset calculated how long it would take to make buying a home worth your money, which for New York City was 18.3 years.  This was calculated for a household earning $100,000 a year, and used data for the average mortgage from the 2012 American Community Survey.

    There are a myriad of different factors that can lead to that number changing, but for the average household it will be quite a long time before you can safely say you’re getting your money’s worth on a house in NYC.

    Continue reading here

    No tags.
    NextPrevious

    Subscribe To Our Newsletter

    By clicking submit, I authorize: (1) Go Policy Guide to use my information in accordance with its Terms and Conditions and Privacy Policy, and (2) Go Policy Guide to contact me by email with offers for goods and services at the email address provided.

    Recent Articles

    • Changing Your Point of View On Life Insurance

      It is fairly easy to understand why so many people at age 18 to 34 do

      13 August, 2018
    • Annuity Payout

      When buying a life insurance policy, you have two options when it

      13 August, 2018
    • When to Go See the Doctor

      Insurance agents suggest to visit your primary care physician before shopping for

      13 August, 2018
    • Experts Suggest Using Your Home to Fund Retirement Plans

      For many retirees, the idea of giving up their family home is

      13 August, 2018
    • Contact
    • Privacy Policy
    • Terms of Service
    • Unsubscribe
    • Do Not Sell My Info

    Recent Articles

    • Changing Your Point of View On Life Insurance

      It is fairly easy to understand why so many people at age 18 to 34 do

      13 August, 2018
    • Annuity Payout

      When buying a life insurance policy, you have two options when it

      13 August, 2018
    • When to Go See the Doctor

      Insurance agents suggest to visit your primary care physician before shopping for

      13 August, 2018

    Subscribe To Our Newsletter

    By clicking submit, I authorize: (1) Go Policy Guide to use my information in accordance with its Terms and Conditions and Privacy Policy, and (2) Go Policy Guide to contact me by email with offers for goods and services at the email address provided.
    © 2023 Go Policy Guide | All Rights Reserved
    • Home
    • Auto
    • Homeowners
    • Health
    • Life
    • Mortgages
    • Glossary
    Go Policy Guide