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Real Estate
Reply to "Massive markdown on DuPont condo"
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[quote=Anonymous][quote=Anonymous]It is still obscenely expensive even after the markdown. At $700K that's $5,200 a month in PITI, which is at least $1,000/mo more than market rent for a similar place, so not only will you be paying more than renting, you will likely be waiting a decade or more to be able to rent it for more than your carrying costs. [/quote] Well, it's nearly 1500 square feet and has a garage so I think it would rent for more than you think. And the interest is tax deductible so the effective cost is close to what it would likely rent for.[/quote]
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