NY Brehs I Need You To Explain To Me So This Makes Sense To Me?!

[peppe]

The studio loft is 500k and the monthly costs are $1200 thats without your mortage…..!!

I know you pay for ammenaties in the building but $1200 in costs a month as a homeowner. GODDAMN

A mortage loan for 500k with 50k down with a APR of 4.625 at 30/yr fixed is $2314 + $1200

$3514 a month fukking insane

 

[360dagod]

The demand is just as high as the supply

 

[Big Mountain Hélà]

Not just NY, HOAs are annoying af anywhere.

Also trailer parks get it too, you own the trailer but stil can pay $800+ in lot rent

 

[Wink Beaufield]

Wanted to get a condo in Midtown ATL but them condo fees would have me paying more than my current house.