Can you afford $ 6,500 month rent in the US? Any financial advisors want to give advice?

[15round]

One woman is just out of bankruptcy a few years back and doesn't seem like she has a high earning career. The other woman is hairdresser? How do they do it?

[4truth]

Totally understandable if they were blasting that Norteņo polka music

[The Big Dunn]

One woman is just out of bankruptcy a few years back and doesn't seem like she has a high earning career. The other woman is hairdresser? How do they do it?

I saw this outburst. Utterly ridiculous.

Yes. That imo is a ridiculous amount for rent. That is a mortgage.

Hell that should be 2 mortgages- your home and the other you own but either plan to flip or rent out to make money.

[ProblemChild_JakePaul]

A lot of rents today are same as mortgage payments. The down payment is just unobtainable for most.

[Left Hook Tua]

I saw this outburst. Utterly ridiculous.

Yes. That imo is a ridiculous amount for rent. That is a mortgage.

Hell that should be 2 mortgages- your home and the other you own but either plan to flip or rent out to make money.

Rent and Mortgage are usually pretty similar

The difference depends on how long you plan to stay

If you plan on moving every few years or so, renting will be cheaper and more convenient

The only advantage on buying a home is staying for a long time to build up the equity over the interest owed on the loan


Think of it as a car

Lease or buy

If you plan on changing cars every 3-4 years, you save money leasing

Buying is if you want to keep the car longer

[The Big Dunn]

Bro Ive never leased in my life. Lol.

I get this but $6500 is crazy for rent.

[Left Hook Tua]

Bro Ive never leased in my life. Lol.

I get this but $6500 is crazy for rent.

I didn't want to buy my car, so I looked into leasing

They told me $2200 a month, I was like "**** you" and I just bought it


What state are you in?

Depends on the state/city.

I know ppl from Georgia and Michigan and other states, they have mansions for less than the rent for an apartment down here

[Zaroku]

Totally understandable if they were blasting that Norteņo polka music

I hate that music
I’ll confess to crimes I didn’t commit to make it stop

the meanest nortenos are polish guys who think they are Mexican Americans

the break out spiritus 192 proof liquor

nasdrovia

a polish chick drank me under the table

I’m afraid to go to Chicago with my buddy and drink 192 proof liquor

I do love the way his mother cooks food and stuffs me

[The Big Dunn]

I didn't want to buy my car, so I looked into leasing

They told me $2200 a month, I was like "**** you" and I just bought it


What state are you in?

Depends on the state/city.

I know ppl from Georgia and Michigan and other states, they have mansions for less than the rent for an apartment down here

Nj. Yeah its much better in southern states

[2shameless]

Rent and Mortgage are usually pretty similar

The difference depends on how long you plan to stay

If you plan on moving every few years or so, renting will be cheaper and more convenient

The only advantage on buying a home is staying for a long time to build up the equity over the interest owed on the loan


Think of it as a car

Lease or buy

If you plan on changing cars every 3-4 years, you save money leasing

Buying is if you want to keep the car longer

Yeah it's amazing how little goes towards principal in the first few years of a mortgage.