Rent-to-own catching on
As economy slips, rents go toward down payments
By
Gabby Warshawer
Brooklyn developers are trying to woo would-be buyers who may be indecisive about the market's health with deals that allow them to rent a unit in a condo while putting their monthly rent checks toward a down payment.
Other developers are also switching to their back-up plan, changing buildings from sales to rentals, but not without costs and complications.
Reporter Gabby Warshawer takes a look at these two phenomena.
Buying a condo, one piece at a time
Not so easy switching to rentals
A d v e r t i s e m e n t s
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