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re: Lets talk about the housing bubble
Posted on 3/1/18 at 11:32 am to HempHead
Posted on 3/1/18 at 11:32 am to HempHead
quote:
I was looking at buying a place in Crestline or Highland Park, and noped the frick out when I saw the condition of houses relative to their price. Who the frick is buying a dilapidated 2700sqft house for 450k?
Same. Was looking in the Crestline Park/Highland Park/Homewood areas. It is ridiculous. I'm single so I don't need a ton of space. Just me and the GF. Looked at Tapestry park apartments the other day. They are nice as hell with a ton of amenities. Until prices become more reasonable, I just don't see the value in buying right now when you can get a completely new apartment and probably pay less for it. (short term, I know the value of a house long term vs apartment).
1
Posted on 3/1/18 at 11:37 am to GoCrazyAuburn
quote:
(short term, I know the value of a house long term vs apartment).
If you're looking at swapping a $1,200 a month apartment for making a payment on a mortgage of $2,000 a month, and you're paying $600 in interest, $900 a month in homeowners insurance and taxes, you'd be better off financially in the apartment.
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