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Re: Why do you Rent ? because we live in New York City

Posted by EZT on November 04, 2001 at 16:46:38:

In Reply to: Why do you Rent ? posted by Curious on November 04, 2001 at 12:31:31:

: I was just wondering why so many people in New York rent apartments, as opposed to owning. I believe New York City has the highest rate of renting in the country - with around 70% of household renting. In most parts of the country, far more people own, than rent.

YO! this is a joke right? how many single family homes do you see around here? would we even have a skyline if there were more than a few dozen of them in Manhattan? 8 million people live in 3 million housing units: 2 million are in buildings with more than 3 units.

coops? condos?: most of those are recent additions/conversions from rental buildings.

you want the facts about real estate in the 5 boroughs, go to the federal gov housing surveys of our little town (hint: go back to, search for 'housing survey)

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