blog

How Do Middle Class New Yorkers Go About Saving for a Down Payment in One of the Most Expensive Cities in the Country?

Martin Eiden Team | June 4, 2020



I worked with three "millennial" couples last year to buy. One couple bought a condo in Clinton Hill, another a condo in Park Slope, another a co-op in Clinton Hill.
 
I think that might be an interesting angle. "Millennials buying in BK"
 
I had another couple who both work for the UN who actually had two accepted offers elsewhere and backed out because of "concerns" about neighborhood/right apartment. They literally kept seeing what were "better" apartments and the one we got was a crazy bidding war for a listing saved 300+ times on Streeteasy. Third time's the charm!
 
 
 

Featured Blogs

New Housing Policy Could Trigger Development Boom In New York City, Dow Closes 400+ pts Higher as April Jobs Report Bolsters Fed Rate Cut Hopes, How Hudson Yards Went From Ghost Town to Office Success Story
newsletter

New Housing Policy Could Trigger Development Boom In New York City, Dow Closes 400+ pts Higher as April Jobs…

05/4/24
Manhattan Market Report Q1 2024 , Is The New York Stock Exchange Going to Transition to 24/7 Trading?, Albany Passes Final Budget That Includes Mayoral Control & Housing Deal
newsletter

Manhattan Market Report Q1 2024 , Is The New York Stock Exchange Going to Transition to 24/7 Trading?, Alban…

04/26/24
Brooklyn Luxury Report, Tumbling Tech Stocks Drag Wall Street , Do You Call It a Basement or Cellar? In NYC, the Difference Is a Legal Matter
newsletter

Brooklyn Luxury Report, Tumbling Tech Stocks Drag Wall Street , Do You Call It a Basement or Cellar? In NYC,…

04/20/24
Housing Market Predictions: The Forecast for the Next 5 Years, Markets End Sharply Higher On Soft Inflation Data, Eyes On Earnings, fears of potential Iranian attack on Israel, Why Broadway Tickets Are So Expensive Right Now. Hint: It’s Not Just Inflation.
newsletter

Housing Market Predictions: The Forecast for the Next 5 Years, Markets End Sharply Higher On Soft Inflation …

04/12/24
New York Real Estate Has Come Alive!, Stocks Rebound After Jobs Report , NYC Delivery Workers Now Make $19/hr
newsletter

New York Real Estate Has Come Alive!, Stocks Rebound After Jobs Report , NYC Delivery Workers Now Make $19/hr

04/5/24
Americans Are Expected to Spend a Total of $22 Billion for Easter This Year, Wall Street Rises Toward More Records as It Closes Its Latest Winning Month, The MTA has Determined Which Modes Of Transportation Will be Exempt From Congestion Pricing Fees
newsletter

Americans Are Expected to Spend a Total of $22 Billion for Easter This Year, Wall Street Rises Toward More R…

03/29/24

Work With Us

Our team is passionate about real estate, and is a valuable resource for real estate knowledge and guidance. We look forward to working with you!

CONTACT US

Get in Touch

Let's Get Started

Contact Details

MARTIN EIDEN TEAM

Premier Real Estate Agents in NYC

[email protected]

(917) 701-8898

 

Skip the line and set up a 15 minute call with me via Calendly

110 5th Ave. New York, NY 10011