Cheaper to rent than buy in Manhattan? : RealEstate


I’m planning to move to New York City and want to live in Manhattan. I’m only planning to be there for about a year. In my market (Phoenix) it’s significantly cheaper to buy than it is to rent. I’ve been looking on street easy in Manhattan and that definitely doesn’t seem to be the case after taking into account building fees and taxes. I was hoping I could buy a condo and then sell it or maybe rent it for a while and then sell it, but i don’t have a really good understanding of the market there so I’m getting cold feet. I’d appreciate any advice!



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