Buying a Luxury Condo is More Affordable than Renting

Renting your home may seem more cost effective than buying, but when you drill down to the costs of apartment rent each month and the benefits gained from owning your home, the truth is that you actually save a lot of money by investing in a purchase. Living in a condo offers many financial incentives for those looking to save on housing costs.

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How does the tax incentive work?

The City of Albany and the Albany School District have opted into a state program called the 485-a Residential-Commercial Urban Exemption.

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