The Higher Rent Gets, The More Owning A Home Makes Sense Comment “Black Out”…

The average rent in Manhattan, they said two-bedroom apartment, $8,000. Bro. I love New York. I do. One of my dreams as a kid was to live in New York, but for the square foot, that's why everybody be outside all day. Like, what? They need rent reform. I know old boy like 10 years ago came out with the rent is too damn high, but the rent

I know old boy like 10 years ago came out with the rent is too damn high, but the rent is too damn high in New York. That's a mansion payment in another major metro city. what's so crazy is that before I moved into my house, I was obviously living in an apartment, so I was paying the apartment rent and I was paying the mortgage.

At the end of my lease, I went from a year and a half lease to a month to month. When I went to month to month in a two-bedroom apartment, my rent was $8,500, and I'm not even in the city. I'm outside the city. My rent was $8,500 a month for two-bedroom apartment. It didn't include parking. Mind you, parking was like $400 on its own.

It didn't include parking. Mind you, parking was like $400 on its own. Even my AC didn't work, luxury building, and it's 90 degrees in my apartment. Go figure. Some experience, wellness, equinox. That's why I'm like, I got to get the hell out of here. I can't just be paying $9,000, and I'm still paying a mortgage. Yeah, and a mortgage and insurance.

Yeah, and a mortgage and insurance. , and don't try to live in one of the St. Regis. I told a story about how I toured a place where they'd be hooping at, right? The Baccarat residence, two-bedroom, 4.9 million, what? 1,600 square feet. It's getting crazy. It's getting insane, bro. One of my friends lives in Miami, two-bedroom, he's paying 16,000.

One of my friends lives in Miami, two-bedroom, he's paying 16,000. I got a few friends out there who are in that Bentley building and a couple of other buildings, 30. So that, to me, is the reason why real estate still makes sense as far as owning a home. I know I've talked about owning a home before as far as it might not be the best investment,

I know I've talked about owning a home before as far as it might not be the best investment, but the way that rents are raising, now, granted, property taxes is going up as well. For sure. That's an issue. But me personally, just looking at my personal situation, I was paying $9,000 a month for a two-bedroom apartment. And let's say that two-bedroom apartment was, it's going to be 1,200 square feet, to now,

And let's say that two-bedroom apartment was, it's going to be 1,200 square feet, to now, if I have a- About 60,000 square feet. No. 9,000 square foot house, the same neighborhood, same. When everything is done, my mortgage will probably be the same. But that stays the same. Mm- . Yep.