Are apartments better than houses in New York City?
On One Hand: Apartments Have Many BenefitsBuying an apartment in New York City has many benefits. Apartments are much more widely available in New York City, according to the New York Times, where finding a house often means looking outside of Manhattan, deep into Brownsville, Brooklyn or Queens. Buying an apartment, while expensive, is also often more affordable than coming up with a down payment large enough to cover the price of a New York City house.On the Other: A House Can Be a Good InvestmentThen again, buying a house in New York City “has always been a good investment,” states All NY. New York real estate is exceptionally valuable due to the ratio of low supply to high demand. Buying a house in New York City can also lead to an enormous amount of equity, and purchasing a multi-family can open up the option to rent out apartments for income.Bottom LineIt’s better to own an apartment is better than a house in New York City. A much wider selection of apartments is available, as op
