750,000 in cash
have to move by september 1t h
better
to close on a charming special space priced well n a ok neighborhood with a 600,000 mortgage leaving enough money in the bank for a future real estate transaction (and potential to "fall in love with the neighborhood")
rent for $5,000 per month until finding the "perfect place" (it may take forever)
300_mercer
about 10 months ago
Posts: 1493
Member since: Feb 2007
Do not buy unless you love it. For $750k apt, the rent will be $3500 at most in a prime area. You are not really comparing like apartments.
750,000 in cash
have to move by september 1t h
better
to close on a charming special space priced well n a ok neighborhood with a 600,000 mortgage leaving enough money in the bank for a future real estate transaction (and potential to "fall in love with the neighborhood")
rent for $5,000 per month until finding the "perfect place" (it may take forever)
Do not buy unless you love it. For $750k apt, the rent will be $3500 at most in a prime area. You are not really comparing like apartments.
It's a 1.35M apt.