One of the best things you can do for yourself and your family is to rent an apartment in Manhattan, according to a survey conducted by the city’s Housing Authority.
If you want to save money, it’s not a bad idea to get a second job, according a survey released Tuesday by the housing authority.
“When you work from home, you’re often able to save more money,” said David Pappas, a senior vice president of the housing authorities’ Housing Bureau.
Pappassas said the survey was done for the housing board to help inform the citys plan to increase the rental vacancy rate.
“We’re trying to help people understand how to stay in their home,” he said.
It is possible to live in a home that costs more than $500,000 in New Mexico and less than $1,500 in California, but it will take years of work to build the funds, he said, including the cost of getting a mortgage.
The survey found that many New Yorkers are struggling to find apartments in the city that offer rent-to-own options.
In New York, the median price for an apartment is $1.5 million.
A $1 million rent would be about $1 per square foot in San Francisco.
Pascallini said the housing agency is working on a list of possible apartment rentals.
“It’s really up to the individual,” he told the newspaper.
Pannett said the city will try to encourage people to find a second-job to supplement the housing costs.
“A lot of times when people don’t have money to buy a house, they can buy a second house to save up,” he added.
The Housing Authority’s survey found a large number of New Yorkers who have found a second home, but the majority of those were working.
“They’re working, they’re saving money, and they want to spend it,” Pappasin said.
“That’s why we’re trying so hard to make sure that we don’t put more pressure on people.”