How come the house rebate link says original price $749,000?
How much would this rent for? $2000?
I’m guessing to someone trying to save on rent, it’s worth $300-$350K.
To a landlord, maybe $250-$300K.
One of the things I wonder on is if buying will be perceived as being cheaper than renting if it still requires $40,000 to $80,000 down payment to make it so.
I remember the mid-90s and you’d look at townhomes like this and buy them for $150K bringing $15,000 down and $3K for closing costs. Bellying up $20,000 to get away from renting when the number flush in your favor is very different than coming up with $35,000 down and another $5000 in closing costs. That $350,000 purchase would still be a major collapst. If it holds higher, the numbers are just worse.
How many people, in the general population, are holding $40,000 to escape from apartment life?