US EditionMore millionaires opt to rent in NYC instead of buy
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More millionaires opt to rent in NYC instead of buy
Feeling the pinch of high prices and elevated mortgage rates, New York City millionaires are increasingly choosing to rent instead of buy. A new report from RentCafe finds that millionaire renter households have nearly tripled in the past four years, mirroring national trends. The report, which defines millionaire households as those with annual incomes of $1 million or more, said New York now ranks #1 for high-income renters, with 5,661 million…
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