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If buying a home in New York is on your vision board, it unfortunately might stay there for a very long time. A new report from customer review and news platform ConsumerAffairs analyzed how long it takes the typical household in every state to save for a home, and New York landed among the worst in the nation.
According to the data, New York ranks No. 4 in the U.S. for the longest time it takes to save for a home, making the dream of homeownership feel especially out of reach for many New Yorkers.
New Yorkers Could Spend More Than 23 Years Saving For A 10% Downpayment
ConsumerAffairs calculated how long it would take the “typical” household in each state to save up a 10% down payment on a median-priced home, using what they call “fractional saving.” That means setting asid

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