Here in Huntsville, they are building thousands of new apartments...tens of thousands...and 2 bedroom apartments in these new upscale places are going for $1500-$2000 a month....
I have a 3400 sq ft 5 BR 4 bath home that was built in 2004..my mortgage payment is $1480...and my escrow payment is $493 a month... (around $1950 a month payment)
So what is the better deal...go buy a house..it’s cheaper.
Wait until you have to replace the roof, A/C, furnace, windows, paint, etc. Your mortgage may be under $2K, but your maintenance, insurance and taxes are at least that over the long haul. If you have the cash flow to keep up, the appreciation will pay back most of that, but if you are young, you are probably living week to week and can’t cover the cost of a new roof. I just got one on my 2500 square foot home (4500 sq foot roof). $26,000.