The Latest: Mar 16, 2017

If you’ve dreamed of popping by Ina Garten’s house in the Hamptons for a fabulous lunch or a dinner party with Jeffery, here’s the next best thing. The entertaining guru has listed their Upper East Side pied à terre for $1.975 million. The cookbook author and Food Network personality and her husband bought the one bedroom, one bath co-op in 2004 and had it renovated by designer Daniel Romualdez (who transformed it from a two bedroom).

From million-dollar condos to $8 beers, the bright lights of the big city don’t come cheap. In fact, living in New York City costs a family with young children $71,237 more per year than life in the surrounding suburbs. That’s according to a joint study by Zillow and Care.com that compared the costs of housing, property taxes, and childcare in major cities to their outlying suburbs.

If you lustfully dream about getting out of the rental game—to have creative control over your space or just to stop “throwing away money” every month—you’ve no doubt given some thought to whether it’s cheaper to rent or to buy where you live. It’s easy enough to search out a couple of listings on Zillow to give yourself a quick answer, but the truth is there are lots of unexpected financial effects to weigh—on both sides.