Let's see - for $1600 a month (I dropped $200 for tax and insurance) you could finance a $335,000 loan on a fixed rate 30 year at 4%. For $335,000 you could buy a VERY posh 3000 sq ft 4 bedroom 3 bathroom with marble and hardwoods on a nice lot in northern Alabama. Good schools, high average income, low crime, well educated populice (home of Space Camp and Boeing and dozens of other engineering firms). And yeah, $200 a month is realistic for taxes and insurance in this area.Many great hospitals, too.DH grew up in NYC. He said when you live there you can't imagine living anywhere else - but once you leave, you can't imagine going back.We're talking $21,000 a year FOR RENT with no equity built.
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