Would you pay $5000 a month to rent an apartment unit?

Do I have that kind of money to waste? Clearly not.

And for an apartment unit it would BE a waste--you don't pay that kind of money just to rent anything, and especially not for something where you're dealing with neighbor noise and all of the other space and noise hassles you'd get from an apartment.

I'm not even kidding, NO apartment is worth that much. Most condominium shares aren't worth that much and you end up _owning_ a piece of those, getting more room, more perks and more quiet.

There's now not a transparent answer to your difficulty. However, your analysis suggests that you just will have to learn a lot more about dwelling ownership from function sources before you get into this. You have viewed most of the ownership fees. Town residences have association expenses. These can also be a number of hundred dollars a month or they may be able to be small if they only duvet confined services. However you probably have small monthly prices, then you're almost always discipline to exact assessments when tasks need accomplished, like external portray. You will have got to pay closing fees. These might be a number of thousand bucks on high of the down fee that you are going to ought to come up with at the time of closing. For those who put down not up to 20%, then you will need to pay PMI coverage if you want to be a further month-to-month cost so one can in no way be recouped. And you're going to have preservation fees. Have you learnt how a lot a new refrigerator expenditures? And have you ever factored in the fee of a new air conditioner if that goes during your time of ownership? For the duration of the three to four years of paying a loan, your repayments will go close to completely towards interest and also you do not know what the worth of the townhouse might be. You are going to then normally must pay $6000 to a real property agent to promote the townhouse. So you could even ought to provide you with money to be able to sell. Proper now, many men and women are stuck in view that they do not have the money to be ready to promote. And are you certain you'll be comfortable with a 3rd character on your house long run? When individuals are younger or have recently had roommates, they more often than not consider this can be a good notion and after just a few months, it will get traumatic to both the husband, the wife, or each. You have got to also take into account that the unexpected could intervene together with your plans, a job loss, accident or health problem. Or a baby before you intended. Do you may have any inspiration how so much day care and diapers cost?!! Your credit rating suggests you have gotten your self right into a rough difficulty earlier than. Please examine all these issues before getting into into a contract. Talk to people within the townhouse about their actual expenditures or speak to your mom and dad.

No, I would rather pay $5000 a month to live in a mansion

I'd only pay THAT much knowing I'm paying off my mortgage for my home!

No... I can barely afford 500 lol If I had that kind of money... I would buy me a house...

I would be broke in no time. That is for very rich people.

Heck no

NO WAY! that's way too much!

Most will say no unless they are trolls

Hell to the no!!!