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Rent-to-own catching on

<i>As economy slips, rents go toward down payments</i>

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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.

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Reporter Gabby Warshawer takes a look at these two phenomena.

Buying a condo, one piece at a time

Not so easy switching to rentals

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