I don’t think it’s fair to compare renting a room to buying an apartment (even a studio), but you don’t need to do that. Right now, most properties in manhatta

I don’t think it’s fair to compare renting a room to buying an apartment (even a studio), but you don’t need to do that. Right now, most properties in manhattan rent for less than their monthly carrying costs (including HOA fees). People have traditionally justified it via the mortgage interest and SALT tax deductions, but congress just blew the latter all to hell, and it’s making properties about 30% too expensive... So many units have priced in the SALT tax deductions! The rent/buy calculation was borderline before, but now it’s just comically bad.