They Could Buy, but Why? Meet the High-Renters

Since moving to New York City 16 years ago, Timothy Brown has lived in seven rentals, a succession of studios and one-bedrooms in Brooklyn, Chelsea, Murray Hill and now Kips Bay, where he has been subletting in a postwar high-rise condo for the last three years.

His real estate agent has been urging him in the strongest possible terms to buy a place, and Mr. Brown, 41, an interior designer, has the means to do so. The inclination? Not so much.

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