My husband and I live in Queens, New York. We are just starting the process of buying a co-op apartment. While doing research about buying homes, it was basically reducing me to tears that our apartment costs so much more than houses in other areas. Unfortunately, we were basically backed into a corner with the decision to go forward with purchasing the apartment. We have to leave the apartment we are currently in - a one bedroom for $1275 a month. We definitely needed something bigger, so finding a two bedroom in an area that would have been good for both of us would have brought us to at least $1500 a month. Keep in mind that rent would increase by at least $100 every year that we decided to stay there. Additionally, I would most likely also have to pay for a parking spot for my car, adding another $75 a month. After weighing all of the options, we realized that buying an apartment would make the most sense for us in the long run.
Thus, I bring you this blog. Welcome to our journey.