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I was playing with numbers this evening. And this is interesting.

We've spent 12 months here, with rent at $475/month. We've spent a total of $5700.
Our last apartment was $734/month, we were there for 21 months, equalling $15,414.
My studio apartment in NW Portland was $360/month, I was there for 10 months, total of $3600.
Cory's 5th St. apartment was about $550/month (I think) and he was there for 24 months (I think), so he paid most of $13,200 (minus some from various roommates).

That equals $37, 914. That's a third of a house. (One that costs about $113,000, anyway.) Makes me wonder how many houses people who spend their whole lives in apartments could buy. That was a badly constructed sentence.

Comments

( 6 comments — Leave a comment )
thegrrrl
Apr. 20th, 2005 11:32 am (UTC)
And that, my friend, is why we bought a house when we got married.

Well, that and my Father-in-law is in realestate.

Well, that and there are very few apartments where we live.

But mainly, it was the save money thing.
rivulet
Apr. 20th, 2005 04:03 pm (UTC)
If I could spend the same amount of money on a house as I can on this apartment (well, maybe $500 or so), I'd be happy. That is, spend that and NOT have an interest-only loan. It's just that rent can be so much cheaper than house payments.
azucena
Apr. 20th, 2005 11:22 pm (UTC)
yeah, at our current rent of $1660/mos, we're just throwing our money away. but not for much longer! can't wait to get out of nyc!
rivulet
Apr. 20th, 2005 11:26 pm (UTC)
Yeah, you haven't written a whole lot about where you're going and what you're doing! Indulge me!
azucena
Apr. 20th, 2005 11:51 pm (UTC)
we're moving to austin, tx next month. we'll be house sitting for the 1st 3 mos, if we like it, we'll buy a house and stay awhile. other than that, we really have no idea. chris will work freelance for his current job, i'll most likely go back to teaching. and a baby is hopefully not too far off!
rivulet
Apr. 21st, 2005 02:07 am (UTC)
Wow, three months is a long time! Where are the owners going??
( 6 comments — Leave a comment )