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Are rentals are cheaper in expensive markets than buying now?

christmas lawn polar bear Asked by save_me over 2 years ago, 1 answer.

Are rentals are cheaper in expensive markets than buying now? It certainly seems so...from what my husband showed me, we could rent a house for $5,000 that would sell for more than two million, with a mortgage of more than $12,000 monthly. Doesn't that...

seem odd to you?

Ericson Answered by esconsult1 on Dec 27, 2006, 01:29AM
596 answers
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Definitely. There's no way that owners can charge the full cost of the mortgage towards a rental.

So the rent is usually there to take off the strain of the monthly mortgage to some extent.

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