Asked by jtesorie2, Bronx, NY • Thu Jun 12, 2014
My fiance and I are deciding whether it would be smarter to rent an apartment in St. George, Staten Island (approx 2K per month) or buy a 1 bedroom for 385K with 1,330 in taxes & common charges. The stay in St. George may be short term but given the 'up and coming' title the area has recently received we feel it may be a smart move to buy and re-sell in about 2-3 years. One of the major drawbacks for us is we (a) cannot predict the market trend of an area like St. George and (b) with such high common charges, would that be a huge deterrent to potential buyers? Thanks!!
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