They Might Buy, However Why? Meet The High-Renters

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.
But plenty of people are like Mr. Brown, who have the wherewithal but not the will.
Buying an apartment in New York City is a marker of success for some residents.
Advertisement Continue reading the main story“Renting, for many people, is just a very convenient lifestyle move,” said Gary Malin, the president of the real estate firm Citi Habitats.
“They may not be sure the city is right for them, or what part of the city they want to be in.

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