Re: On the verge of buying apartment in Brooklyn, opinions?
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I still would wait to buy, but this is probably as good a rent/purchase ratio as you can find right now.
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I will say that the $4800 figure is based on the quality of the apartment. I live in a slightly larger apartment right now in basically the same location and only pay $3300, but the apartment needs renovations badly. But even if my $4800 guess is high, I'd say i'm 95% confident that it would be $4000 or higher.
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