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Is that true in us cities? Mortgage payments seem to be much higher than rents on equivalent places right now.
by etrautmann 3y ago
Is that true in us cities? Mortgage payments seem to be much higher than rents on equivalent places right now.
- SauciestGNU 3y agoSmall city resident checking in here, 1br apartments are going for $1500/mo on average here, and we're considered an extremely affordable place to live. The average person I know carrying a mortgage has a payment below that for much more living space. What I would say we're missing is condominiums in the city center. Lots of apartments, fewer places to own in the inventory of downtown housing.
- etrautmann 3y agoYes but those people got mortgages before the last year. With rates at 6-7%, the payments are going to be a lot higher or you get a lot less.