https://www.zillow.com/rent-vs-buy-calculator/ is a nice graph Rahul showed me. It shows inflation !

2.5k can rent a nice small home in a reasonable location outside the luxury /belt/ like JC waterfront. With sublet I could take up a 3k house and collect 1k rental.

In contrast, if buying a 700k home, total burn rate could be 5k. Basically, high mtg and tax rate is applied on a big home value.

• 3k mtg, depending on rate and amt
• 1.5k tax. Bayonne tax is higher, but I won’t buy anything 700k in Bayonne.
• maintenance costs like heating, cleaning,,,