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by giaour
1605 days ago
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What markets have you rented in? I have been a renter in NYC, Seattle, and the Bay Area; every single time, I looked up how much the property last sold for and calculated how much a mortgage on it would cost me per month. My rent was normally 70%-80% of the expected payment on a 30 year mortgage. I was never paying below-market-rate rent, either! Maybe it doesn't work out this way if you're renting in an area with lower average property values? |
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