The condo industry is in the midst of a bubble.
As we’ve seen over the past few years, new construction is the fastest growing source of new rental housing.
While most of the new apartments have gone up in value, a few have gone to the lucky few who can afford to pay the higher rents.
These lucky few are those with the most expensive, or even the most desirable, units.
However, it is also true that many of the other units in the market are priced out of reach of those who can’t afford the higher price.
And as the cost of rent has skyrocketed, so have the rents.
For many, this means that they are stuck with apartments that are either over-priced or have low vacancy rates.
That means that a condo rental can be an attractive option for many.
However the truth is that the majority of new condos aren’t worth the investment.
Here are the top 5 reasons why a condo is not a good rental deal for renters.
Rental Income is Low, Renting a condo does not help you save money.
Renting your condo can make a big difference to your financial well-being.
While some people may consider a condo to be a “safe” investment, this isn’t always the case.
A condo has to be built with safety in mind and that means keeping it well-ventilated.
When you’re renting, you’re paying for a building that has been inspected for hazards and potential damage to the structure.
You’re also paying for the maintenance of your home and other amenities.
So even if you are making money off the condo, you should consider saving the money to pay off your mortgage.
This means you should take the time to look into whether your mortgage can cover the cost.
If not, then you should reconsider the investment and save the money instead.
You will need to be able to pay for the property.
Many of the condo owners will require you to pay to get in, which can be difficult for those who have limited financial resources.
In some cases, the owner will have to cut the monthly rent down to pay.
But you’ll have to be responsible for the cost yourself.
A lot of times, a condo owner may ask you to make a down payment on the condo and then later, pay the full purchase price for the building.
This can be costly.
Even though this can be a great option, it can make you look to make more money than you could have.
The rental rate is too high.
You might be surprised to find out that the condo rental rate in some cases is so high that it can take months or even years to secure a place in the building for you.
The price you pay for your rental can also be extremely high.
This is especially true for condos that are in the luxury market, such as those in the upscale condo districts of New York City or in the more expensive condos in Manhattan.
The rent in the premium condos in these areas typically ranges from $1,000 to $2,500 per month.
And if you live in a high-end neighborhood like Manhattan or in New York’s upper West Side, you might be paying over $3,000 a month in rent for a luxury apartment.
Even in lower-cost areas like the lower-middle class neighborhoods of the Upper East Side, the rent can be as high as $3.50 per month per square foot.
This makes it difficult for renters to find a place to live.
You can end up paying too much for a condo.
Many condos have a monthly maintenance fee that can be much higher than you would like to pay, which may not be a problem for you at all.
If you can pay that monthly maintenance bill, you will end up with the same monthly rent as you would have paid if you had paid in full, and this can make it hard to secure housing in a luxury building.
You’ll also have to pay a lot more maintenance, as well.
For example, a $300,000 condo that is on a $100,000 maintenance charge may end up costing you $2.50 a month.
If a condo costs $2 million to build, you can end the deal with $4.25 million worth of maintenance fees.
You don’t have the financial means to pay rent.
You probably have to live in your own apartment for a significant portion of your day, but you also have the option to rent a car to take you wherever you need to go.
If your rental income is low, you may have to do a lot of housekeeping in order to get to and from your office.
If it’s $600 per month for a single-family home, you’ll be paying $2 per month in rental payments.
And even if your income is over $1 million, you probably won’t be able pay rent at all for that home. You may be