Comments on: Is Renting a Luxury Apartment Worth the Extra Cost? https://www.moneyahoy.com/renting-luxury-apartment-worth-extra-cost/ Money Saving, Making Money, and Investment Ideas Sat, 24 Apr 2021 19:50:49 +0000 hourly 1 https://wordpress.org/?v=4.9.21 By: Derek Chamberlain https://www.moneyahoy.com/renting-luxury-apartment-worth-extra-cost/#comment-12373 Thu, 24 Mar 2016 11:10:00 +0000 http://www.moneyahoy.com/?p=3787#comment-12373 I usually find with these sort of all-inclusive type things you really end of losing money in the long run unless you are taking advantage of 90%+ of the “package”. Anything less than that, and you would be better off buying the things separately.

]]> By: Derek Chamberlain https://www.moneyahoy.com/renting-luxury-apartment-worth-extra-cost/#comment-12372 Thu, 24 Mar 2016 11:08:39 +0000 http://www.moneyahoy.com/?p=3787#comment-12372 Charlie,

I tend to agree – I haven’t heard of paying over $700 a month for basic gym stuff (pool, sauna, tennis, etc.). But, there are a lot of crazy things that go on in large cities like New York. Maybe folks really do fork out this much??

]]> By: Charlie https://www.moneyahoy.com/renting-luxury-apartment-worth-extra-cost/#comment-12371 Thu, 24 Mar 2016 05:16:37 +0000 http://www.moneyahoy.com/?p=3787#comment-12371 I am skeptical about the analysis from forrent.com. Apparently when people get luxury apartment (i.e. pay more for their rent) through forrent.com, the site gets a higher commision. So what I’m seeing is kinda like a real estate agent trying to persuade everyone to buy high end houses. The price savings for gym membership and personal trainers also look ridiculously high. But it does bring some interesting perspectives of looking at luxury apartments.

]]> By: James https://www.moneyahoy.com/renting-luxury-apartment-worth-extra-cost/#comment-12369 Wed, 23 Mar 2016 15:45:42 +0000 http://www.moneyahoy.com/?p=3787#comment-12369 ” … it is hard for me to grasp the idea of paying separately for a gym membership ($466), pool ($45), tennis ($117), and sauna ($139). I am used to seeing all of these together in one facility like the YMCA for about $80 a month.” Indeed.

I have been reading a lot about luxury apartments lately but it is not something I am intimately familiar with as I haven’t studied the market closely, and like you, I live in a smaller city and as far as I know, no such market exists here.

As you note, if an individual is considering a luxury apartment vice a more traditional apartment, it comes down to running the numbers and determining the value.

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