It sounds like you need to pay $15K. I would assume you will start to see short-... | Hacker News

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		bradly on Feb 10, 2024 \| parent \| context \| favorite \| on: A rent-stabilized 1 bedroom apartment for $1,100 I... It sounds like you need to pay $15K. I would assume you will start to see short-term/hard-money loans for the 15k as we've seen in the bay area for all cash offers on homes.

raid2000 on Feb 10, 2024 | [–]

Right. $15K is about the difference between the rent stabilized price and the market price per month, multiplied by 12 months.

dehrmann on Feb 10, 2024 | [–]

Which actually sounds like a good deal once you do the math.

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