3 ms·
Something seems way off on those SmartAsset numbers. There is no way you are renting a $600k place in Manhattan or a $195k place in Dallas for only $1000/mont
by vonmoltke 10y ago
Something seems way off on those SmartAsset numbers. There is no way you are renting a $600k place in Manhattan or a $195k place in Dallas for only $1000/month.
Ante for renting a standalone place in Manhattan right now is around $2500/month, but I can buy places for as little as $500k (if I don't care about space). Some condos in Manhattan don't even allow rentals.
We just sold our house in Dallas for $220k, and I guarantee we would have been renting it out for a hell of a lot more than $1100/month if it came to that.
- thescriptkiddie 10y agoI believe that their number is an mean of all properties weighted equally. So if you're only looking at single-family homes you could be paying much more, and if you're only looking at apartments you could be paying a lot less. They're also not considering factors like brokerage fees, property taxes, insurance, maintenance, or depreciation.