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by dman
5422 days ago
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I tried pretty hard to find a house in the New York Metropolitan area this summer. Once you factor in the taxes, HOA fees and mortgage I would be paying roughly 2x in monthly payments to get an apartment similar to the one I rent. When I consider that my house will not return me more than 3-4% pa over a long term I decided it was not worth it to buy. Also houses have a end load of ~5% for agent fees. |
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