Are rentals are cheaper in expensive markets than buying now?

Are rentals are cheaper in expensive markets than buying now? It certainly seems so…from what my husband showed me, we could rent a house for $5,000 that would sell for more than two million, with a mortgage of more than $12,000 monthly. Doesn’t that seem odd to you?

Answer #1

Definitely. There’s no way that owners can charge the full cost of the mortgage towards a rental.

So the rent is usually there to take off the strain of the monthly mortgage to some extent.

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