Well. Lots of ideas there. But I just bought into a Coop because my rent went up 40% in one year. Since 2015 rents have gone up something like 50%. My experience says it’s true.
Now as an owner (of shares) I’m pegged to my mortgage (fixed) + HOA (and their scheduled increases) for the next 30y (if I choose). That’s something.
The thing about renting is, unless you’re in rent-controlled district, it can go up any amount. And in my experience, what’s advertised is always more than what you’re paying.
Now as an owner (of shares) I’m pegged to my mortgage (fixed) + HOA (and their scheduled increases) for the next 30y (if I choose). That’s something.
The thing about renting is, unless you’re in rent-controlled district, it can go up any amount. And in my experience, what’s advertised is always more than what you’re paying.