The Real Deal Miami

New York best for renters, Florida best for buyers

November 04, 2009 05:46PM

Good news for New York City renters: they’re living in one of the top rental markets in the U.S., according to Forbes magazine. The publication ranked the top cities to rent in the U.S. based, not on value, but on whether it’s more fiscally prudent to buy or rent in that location. New York City took the number two spot on the list, beaten out by Los Angeles for the top position. Three other California markets made the top five list. On the buyers’ side, Florida took the cake, with two of the state’s top residential markets, Orlando and Tampa, ranked as the number one and number three best cities to buy in, respectively.