High-renters in NYC - they've money to buy, but they ask 'why?'
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New York
SINCE moving to New York City 16 years ago, Timothy Brown has lived in seven rentals, a succession of studios and one-bedrooms in Brooklyn, Chelsea, Murray Hill and now Kips Bay, where he has been subletting in a post-war high-rise condo for the past three years.
His real estate agent has been urging him in the strongest possible terms to buy a place, and Mr Brown, 41, an interior designer, has the means to do so. The inclination? Not so much.
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