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Can someone explain how and why apartments can be rented out for an equivalent of a home mortgage in the same area?
The rent for our apartment has been raised from $1600 to a little over $2000 a month. We are purchasing a house with the value for $380,000 in the same general area and were quoted for a mortgage of around $2400 a month (this quote has now increased because of the interest hikes). I'm aware this is incredibly naive, but I've always thought apartments should be significantly cheaper because you are paying to have "less" compared to owning a whole house. Can someone help me understand the market mechanics of how an apartment can rent for 80%-110% of a house mortgage
How luxury properties have changed in the past 20 years
What are the drawbacks of an open house?
"Sequestered Master Bedroom"...if I read that one more time in a listing, I am going to give up.
I am probably going to have to move for my job. I have been looking at listings in anticipation of this. Every. Single. One. Says "Sequestered Master Bedroom". All of them!
Real Estate Stereotypes
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