>>51027162prepare to get swindled
>>51027298property values where rent is that high are also generally pretty high, so a mortgage wouldn't necessarily be cheaper. case in point: my old house sold for $560k about three years ago in an area where average rent hovers around $2400. a 30 year mortgage with 10% down would be about $2600 per month, but factoring in property taxes, insurance, and additional maintenance it would be significantly more than that until the mortgage is paid off.
and that house was a piece of shit.