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And if it's attainable, does it make financial sense? I rent an apartment now, and to buy a similar would be roughly 1000 times the monthly rent. I would have t
by distances 4y ago
And if it's attainable, does it make financial sense? I rent an apartment now, and to buy a similar would be roughly 1000 times the monthly rent. I would have to bet very heavily on appreciation before that made financial sense, even with the leverage of a mortgage.
- jjav 4y ago> to buy a similar would be roughly 1000 times the monthly rent. Have you somehow inherited into a rent-controlled apartment still paying the same $5 rent from 1800?
- distances 4y agoTalking about the total apartment price, not a monthly installment. Yes most of the city is rent controlled, this is a ten year old rental contract. Rent is about 600€ and apartment I estimate would be 500-600k. Could also be more though, I'm not exactly up to date.