New York, a city of renters since immigrants began jamming lodging houses and tenements early in the 19th century, has reached two milestones in homeownership:
One in three households now own their dwellings, according to a new analysis of census results. And the number of homes and apartments occupied by their owners has passed one million for the first time.
In a City Known for Its Renters, a Record Number Now Own Their Homes
Graphic from NY Times
Yes but with subprime lending so popular, at what cost is this ownership?
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