Hacker News Reader

I don't see how that changes the fundamental issue. You have to have a huge amount of capital to even get this idea off the ground. Say your rent in nyc is $3500/month, that means you'd need around a million dollars in your savings to get started.

View on HN

right, but you are unable to even think about buying in nyc without two

once you're in a position to buy, it becomes more convenient to rent until things 'even out'

Except you don't need 2 million or even 1 million upfront to buy. That's what a mortgage is for. To pull off your plan, you would need at least a million upfront.

Reply on news.ycombinator.com