Yes and they’re still much lower than buying an equivalent place. I’ve looked. Almost twice as much for a mortgage of a similar space for what I rent right now after putting 20% down. Only reason it makes sense to buy is if you really plan to keep the place for decades.
cramsession|5 months ago
dbish|5 months ago
const_cast|5 months ago
Also, if you're buying in NYC you WILL get recurring and increasing monthly costs.
That $800/month HOA? Yeah, it's not gonna be $800 in 5 years.
Buying is not the same everywhere.