Re:Most Germans don’t buy their homes, they rent
by cmdrfred on Tuesday October 25, 2016 @12:06PM
(#12789066)
This isn't the case in most of New Jersey or Pennsylvania. Cost to rent a crappy 2 bedroom apartment (with the people below blowing smoke up into your bedroom) is the same as a 3 bedroom house, property taxes, and insurance. It really is location, location, location as they say.
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Re:Most Germans don’t buy their homes, they rent
by tptacek on Tuesday October 25, 2016 @12:16PM
(#12789157)
Can we test this? I'm ready to be convinced with evidence! Let's use a specific market, and just look at the listings.
Re:Most Germans don’t buy their homes, they rent
by cmdrfred on Tuesday October 25, 2016 @12:40PM
(#12789385)
Well in my home town you can look at Zillow to see home prices (http://www.zillow.com/homes/for_sale/Warrington-PA/56739_rid...) all of these are priced to give around or below $1200 mortgage all told (taxes,fees,insurance even if you went in with a low down payment). Here are the apartments that are available (http://www.apartmentguide.com/apartments/Pennsylvania/Warrin...)
$1200 is really the minimum for a 2 bedroom apartment here. There are a few that are maybe $100 - $200 lower, but I wouldn't want to live there.