Rent-to-own catching on

By Gabby Warshawer | October 06, 2008 06:41PM

From the October issue: Brooklyn developers are trying to woo would-be buyers who may be indecisive about the market’s health with deals that allow them to rent a unit in a condo while putting their monthly rent checks toward a down payment. Other developers are also switching to their back-up plan, changing buildings from sales to rentals, but not without costs and complications. Reporter Gabby Warshawer takes a look at these two phenomena.



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