Why haven't you bought a place yet user?

and repair/maintenance (condo fees) is $100 a month usually, unless you have like a swimming pool onsite and shit.

with the suburb trend reversing the last 15-20 years and people still think "owning a house" 1 h by car outside a big city is a thing then will realize that they need to live in the city , why you think apartment will loose in value ?

>buy house, 2000 a month mortgage payment
>all your neighbors bought their houses 20 years ago and have a 1000 a month mortgage payment

Still think you’re gonna be able to charge enough rent to cover the mortgage? KEK

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Milennials are poor as fuck - where the hell are they getting the money to buy your $1MM 750 sqft apartment in New York?

Also I would strongly suggest you start looking into the trends of remote work. If the basis for commercial real estate craters, there's no need to stay in your horrifically mismanaged, nigger-run city centers.

I would expect milennials to start living remotely, both in the telecommute sense and in the sense of location.

because the bank wont give me a mortgage user thats why

All these housing shills... must be that the bubble is gonna burst soon for real.

This. If you’re going to be stable and settled for 10 years, try to buy. If not, rent. The real deciding factor should be the cost of mortgage payments vs. the cost of rent on a similar property. If rent is within 20% of buying a similar place, rent makes more sense due to taxes, maintenance, and insurance.

Chad level is buying a multi-family unit, like a small apartment building, then letting everyone else pay your mortgage while you live there.

In 10-15 years the mortgage payments will be 2500-3500

It's called inflation

Also, in my country the 30 year mortgage interest is 2,5% (Denmark)
Prices are high though near the big cities

The landlord’s mortgage probably doesn’t cost him as much as it would cost you to buy the same place. If he bought that property a few years ago, he paid at least 20-30% less than you’d pay now in most places.

Try 1.3-1.5% in germany or sweden my friend

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