Forum Archive: Posts by: mo25

We are a young couple sick of renting in Brooklyn and thinking about buying in downtown BK, Boerum Hill, Gowanus, Forte Green, Brooklyn Heights. We are thinking a 1 bedroom for about $450K and can put together a downpayment of about $100K. But is this really a good time to buy? Prices have been dropping quickly and interest rates are low, but can we expect our property to appreciate? It seems silly to be renting when our mortgage and monthly coop payment would only be a couple hundred bucks more than what we pay in rent. Any advice or thoughts are appreciated!