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const_cast | 5 months ago
And, if you really want to compare apples to apples, you have to compare properties in the same area. Its easy to make housing look cheap when you compare upper Manhattan to New Jersey.
Suddenly that 4,000 dollar apartment looks pretty competitive when the alternative is 5 million mortgage + 3000 a month HOA.
carlosjobim|5 months ago
const_cast|5 months ago
No, housing is not always cheaper, feel free to do some research. Its highly dependent on your city.
If you truly think buying is cheaper in Manhattan then I don't know what to tell you. You're just wrong, period.
What's happening here is youre comparing suboptimal housing to THE ABSOLUTE most expensive apartments you can find.
My parents do the same thing. "Oh housing is so much cheaper, imagine renting in Dallas!"
But... We're an hour and a half outside of the city.
The reason the housing is cheap is because nobody wants it.