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Pay off mba loans vs down payment for a new apartment? (Contd)

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What is mortgage interest? How badly do you want to own? What are the additional fees for condo management? What is your next best option cost (rental)?

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OP - depending on what part of NYC, I would suggest buying the apt vs paying off the loan.

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About to sell a current apartment i owned for several years now, can pay off my loans completely (150k) or use the amount toward a purchase of a newer condo, probably 800k ish in NYC. How to think about this? My student loan interest is 4.25% because i refinanced

Was that MBA loan or undergrad loan?

I'm of the type that hates being in debt no matter what the opportunity cost. Owing two creditors can really hamper your dispoable income

Both the tax credit on interest and the equity portion of your mortgage help you accumulate net worth quicker. I ran the numbers for my wife and I with 2.95% student loans and we accumulated wealth $2k/mo faster going with a house.

Mortgage rate not sure but assume 4.5%? I have near max credit score. HOA assuming around 700 per month. Next best option for rental would be 3100-3800 per month. My student loan is from mba though not sure why it matters

My current view is that the biggest factor in all of these will be how fast the property (if i buy) will rise in value. This is such a big factor that could swing from negative to high teens in cagr in the most hopeful scenario, that all other factors such as tax benefits etc become almost negligible.

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