People are paying $800/mo to live in a $50k condo?????
If they can afford 800/mo then they could afford to pay mortgage on a $100k condo so WTF are they renting for?
Thats either some bullshit, or some wack economics.
Probably cannot afford the downpayment although FTB should be able to put like 3000 down on that condo.
AAP if you have no mortage I am assuming you paid in full. Why didn't you leverage your money and get six condos if you plan on selling in a couple of years?
People are paying $800/mo to live in a $50k condo?????
If they can afford 800/mo then they could afford to pay mortgage on a $100k condo so WTF are they renting for?
Thats either some bullshit, or some wack economics.
They are saving their first purchase for something better than a condo and do not want to waste the First Time Home Buyers discount and qualifying rates.
They are saving their first purchase for something better than a condo and do not want to waste the First Time Home Buyers discount and qualifying rates.
I can understand the credit thing but from an economic standpoint rental costs should not be higher than mortgage costs... that dosent make economic sense (from a theoretical point of view).
I own my condo and I dont do any yardwork... most condos dont require yardwork.
I can understand the credit thing but from an economic standpoint rental costs should not be higher than mortgage costs... that dosent make economic sense (from a theoretical point of view).
I own my condo and I dont do any yardwork... most condos dont require yardwork.
south florida has a lot of part time or seasonal residents, as well as a lot of people living off of financial instruments which would make it suboptimal for them to own assets....retirees etc.
Probably cannot afford the downpayment although FTB should be able to put like 3000 down on that condo.
AAP if you have no mortage I am assuming you paid in full. Why didn't you leverage your money and get six condos if you plan on selling in a couple of years?
Please Scroll Down to See Forums Below 
