Category: Rent-to-own

A toe in the ownership water: Part 2, the would-be sellers

18 December, 2008 (09:24) | Condominiums, Finance, Innovations, Markets, New York City, Rent-to-own, Subprime, Tenure |

[Continued from yesterday’s Part 1.]   In our exploration of the infancy of twenty-first century rent-to-own, using this New York Times story as our text, we have up to now heard from the would-be buyers who intend to be homeowners – condo owners – one day, but are delaying for any of several good reasons: […]

A toe in the ownership water: Part 1, the would-be buyers

17 December, 2008 (09:35) | Condominiums, Finance, Innovations, Markets, New York City, Rent-to-own, Subprime, Tenure |

There goes my wallet! And my ego with it!   The thing about falling prices is that even as commodities get cheap (have you looked at the price of gasoline lately?), our human desire not to look foolish to ourselves keeps us from buying – because maybe the price will fall even further tomorrow.  Yet […]