The average monthly rent for a 77sqm, two-bedroom flat in Shibuya is 324, 875 yen, while in Meguro, a 94sqm, two-bed flat rents for 358, 875 yen a month.
Though this framing is kinda technical, most of these factors can be summed up in a really straightforward comparison: monthly rent vs. monthly mortgage payment for similar homes.
After a while I looked at the monthly rent and utilities I was paying and questioned why I was incurring that additional overhead.
"Even if they're living on their own, they're getting some kind of support, paying a bill, or even paying monthly rent here and there, " Ray says.
Stephen Hanson, owner of New York's Blue Fin and Ruby Foo's, says that the monthly rent bill for a healthy restaurant is ideally no more than its sales on one busy day.
Instead of owning their photovoltaic panels they rent them, paying a monthly fee offset by the savings from generating solar electricity.
Instead, they are increasingly finding that the simplest way to keep track of customers, bills, inventories and so forth is to rent such services for a monthly fee.
According to Deutsche Bank, the ratio of rent to after-tax mortgage payments was 107.8% in the third quarter, implying rent is more expensive than a monthly home payment (for median homeowners).
The popular wisdom is that monthly rent disappears from your wallet, whereas a monthly mortgage payment contributes to an investment.
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Chan regularly gets calls from boat agents asking to see if he'd rent out his berth on a short-term monthly basis, but he tells them to sail elsewhere.
To recap the methodology, the Trulia Price Monitor and the Trulia Rent Monitor track asking home prices and rents on a monthly basis, adjusting for the changing composition of listed homes, including foreclosures provided by RealtyTrac.
When I first moved into an East Village studio apartment this summer, I suffered a bit of sticker shock, so I starting thinking about ways to defray my monthly rent.
One of the main reasons for this is that after paying the minimum required monthly amount I still have other expenses in the form of rent, a car payment, utilities, grocery, health expenses, and phone, not to mention gas expenses that are continuing to climb.
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