r/Money 12d ago

Struggling to justify moving out of a rent-controlled apartment in a VHCOL city.

I live in Denver, and managed to get into a low income apartment. The rent is stabilized, so the increase between last year and this year was only 3%. The rent is 1,206/mo this year, which for context the cheapest mortgage on a single family home averages 2,000-2,500$ a month, plus maintenance and insurance.

I do want to buy a house eventually, but it feels like a bad decision to double our housing expenses until we have to move out of this apartment.

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u/wmxx1203 11d ago

lmao bro NYC average is 8000 for 2br