When thinking of ideal places to retire, one has to include New York even though the rents are high, and the homes are expensive. However, if you choose the suburbs or areas in Manhattan where housing is affordable, you can live your retirement years in what is referred to as “the Big Apple.”While New York receives millions of visitors a year, you can still enjoy the city that almost never sleeps. Let us review some of the highlights of New York, and the benefits of choosing it as an ideal place to retire.

New York has the finest restaurants in the world, and in every corner of the city. For example: Little Italy offers the best Italian fare; Manhattan has cuisine as diverse as its culture; Chinatown offers the best delicacies; Queens has waterfront which have been highlighted in food magazines; and Staten Island, Bronx and Brooklyn boroughs have restaurants which offer you the finest and most regularly visited restaurants in every category imaginable. In addition, one can spend a day at the South Street Seaport and enjoy shopping and dine in wonderful restaurants there as well.

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Filed under: General

With a slowing domestic economy, the United States has watched a decline in all of its markets, especially the housing market. However, this decline has helped keep New York City’s housing market alive through foreigners. With the continuous deprecation of the dollar and the value of Manhattan real estate, foreigners are now seeing property in the city as a smart investment.

Before, foreign companies doing business in New York would have to put their employees in temporary housing while visiting, but now they are buying condos and having the company serve as the landlord. This is saving foreign corporations thousands of dollars. Temporarily housing an employee in New York City used to be a very expensive aspect of doing business. Many companies used to pay upwards of $4,000 a month in rent for employee housing.

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Filed under: Real Estate Investing