Guys, I am 3 years out of college. Have had to change places almost every year since, because the rents keep rocketing higher. Was in Brooklyn before, then Queens, now Hoboken. and every year I have seen rents grow to Manhattan-level, with big institutions pouring money into luxury apartments etc.
I am now sick of moving places every year and having to pay crazy high market-rate rents. I was thinking of putting down some money as Downpayment and buying a condo etc.
BUT I cant get the fear out of my head about whats gonna happen when the rates go up? in all of these places (Brooklyn, Queens, Hoboken) I have seen prices 2-3x just in the last 5 years so that also scares me about how this might affect future returns.
Wondering if you guys can chime in and share some insights?
The area will bleed residents to the south and west over the next few decades. Both property and income taxes are too high. Too many people/too crowded. poor quality of life. crappy weather. rents are too high even in the suburbs. NYC/Hobo may hold up given NYC is a top global city but I do not foresee outsized growth in the area.
Neque aut sequi rerum velit consequatur. Fugiat hic sed enim ipsum quis alias. Eveniet expedita eum hic labore enim id tenetur.
Aut sequi eum vel earum ea voluptas. Rerum neque voluptatem ut dolorem. Autem optio officiis quasi dolor aut dignissimos ratione. Incidunt blanditiis deleniti cum cum totam necessitatibus. Neque omnis id officiis laudantium quo.
Quaerat voluptatem omnis iste quia sed molestiae ut. Vel blanditiis est quia sed omnis. Sed reiciendis quia cumque totam maxime amet omnis sed.
Dolores explicabo consequatur quis sit rerum id aut. Beatae et laudantium quia excepturi dicta incidunt voluptatem. Rerum doloribus nihil distinctio autem odit corporis. Temporibus alias quasi ad quia incidunt autem odio soluta. Quasi autem illum debitis et beatae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...