rent
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- animatedgif0
£860 London
- d_rek0
$550/mortgage payment. Michigan, USA.
Why rent when you own a home for a fraction of the price?
Oh, what's that - you're worried about mobility? Rent the place out! You know how many people are throwing cash at rental properties right now? Great way to continue building equity too.
- Because owning a home costs so much upfront it's an impossibility for most. Plus, that doesn't hold true in NYC.monospaced
- also, mortgage ≠ rentmonospaced
- It doesn't have to. I had 103% of the cost of home covered, which covered almost all of my closing costs/fees.d_rek
- But your right, it varies region to region.d_rek
- You had 103% of the cost covered? If that's the case, you shouldn't have any mortgage.monospaced
- If I want to buy a place, it would be $100,000 down and then $3,000 a month in NYC.monospaced
- I was able to borrow upto 103% of the cost of the home so I didn't have to pay much out of pocket.d_rek
- why didn't you pay for 100% of the home then!?!?monospaced
- and that's how the US housing crisis happened... giving out 103% mortgage deals.goldieboy
- You guys have no idea what i'm talking about.d_rek
- $550 a month....fuck thats cheap as ass
marychain
- GeorgesII0
this thread is kinda inutile if we don't say the size of the apartment/house
- stoplying0
Refinanced mortgage and now pay $1100 every two weeks.
When I think about how much money I threw away on rent, I cringe.- $2200 rent?GeorgesII
- what was your downpayment and percentage?monospaced
- @Georges, no that's a mortgage. Only about 11 1/2 years and I own it.stoplying
- @mono, about $25K down and started with a 5.50% rate, then refinanced to 3.25% when rates got good.stoplying
- ukit20
14 inches. I mean $1400.
- qTime0
Its sick to see how high rent is in London compared to just a few years ago.
- vaxorcist0
Chicago's pretty affordable in comparison, but nothing like when I first moved here in the 90's.... it used to be very cheap but your landlord would never fix anything....
- monkeyshine0
$1800 / 3bdrm Boston
- bulletfactory0
just sold our house in MO a few months ago, so no more mortgage + rent.
Brooklyn - $2,900/month for ~1,100sq ft. w/ garden in the back. We live right across from Prospect Park, so we're paying for location/neighborhood, but love the fuck out of it.- Fuck... $2,900 rent?mg33
- I have friends on Sherman St...love that area!monkeyshine
- yup - pretty ridiculous.bulletfactory
- mg330
My highest rent in Chicago by myself was $935 for 1 bedroom in Lakeview. Well maintained older building, radiator heat. That was until 2010 when we bought our condo.
- Continuity0
Holy shit. So, basically, the take-away here is that we all pay shitloads on rent.
And, if one lives in Australia, one basically blows most of one's salary on housing. Wow.
- Ask us how much more we pay for beers, or the internet, or just about anything. It's a fucking rip-off!!!MrT
- sine0
^ but in general it's all relative...
the closer you are to a cultural-, tourist-, business hub or popular city centre, etc the more you pay. rent in my area is almost twice as much as what my colleague pays for a house in the suburbs with a garden. but she gets up at 5 to travel and be at work by 7 then drives an hour and a half back in the afternoon.
i'm 5 minutes from the city centre, 2 blocks from the beach and 15 minutes from my office.
- Amicus0
AU $1300 per month (3 bedroom house, with a smallish kitchen plus a an outdoor laundry and extra room)
I do live about 30km from the CBD, though only 1km from the beach.
- Continuity0
@sine:
Fair enough, but in all honesty, the hotspots in our industries (advertising, design, digital, etc) mostly also happen to be in tourist-, business- and popular city centres; whether it's NY, London, Paris, Amsterdam, et cetera. Which kind of makes things an absolute for us, because if we want to get ahead in our careers, then cities like this are a must.
Naturally, there are exceptions, it's not everyone who wants to work on big brands, win a Lion and all that, but still.
I just wish salaries were more commensurate with the reality of living in these sorts of places.
- People who pay crazy amounts on rent obviously make a shit ton more money than those who don't.monospaced
- lost me at "win a Lion"
win a Lion?moldero
- pig0
- stalk mepig
- Not much by way of nearby services or easy access to public transport, though, I reckon.Continuity
- dobre0
Speaking of overpriced island,
1100 BD 2 bedrooms semi furnished (fully equipped kitchen, 2 ikea beds, 2 bean bags, satellite HDTV & internet + 2 times a week cleaning guy). Share it with our project manager who happens to know some Lebanese & Persian girls make Kim like a cheap knock off. Wouldn't complain, but coming from Asia, I do miss all the mountains & rain & greens.
- Continuity0
That said, I'm 3 tube stops from the city centre and the five from the office, and the whole thing takes me round about 15 minutes, so I'm not exactly in the boonies, either.
- Hence why I pay a small fortune on rent, and food.Continuity