Suzanne Miller examines the pros and cons of buying versus renting an apartment in New York City, focusing on the Upper East Side. She compares the financials, noting that renting a two-bedroom costs approximately $7,000 per month, while buying one incurs around $12,500 per month after including common charges, taxes, insurance, and assessments. While the monthly expenses for purchasing are higher, buying allows for equity accumulation, which renting does not. Suzanne asserts that buying is generally the better option.
