“Time to Stop Paying $3,000 a Month for Rent”

      “Time to Stop Paying $3,000 a Month for Rent”




Good morning Joe.

How have you been? It has been a while since we have spoken. I hope all is well with you and the family. I was wondering if you can do a pre-qualification for a mortgage again. It is time for my family to be in our own home this year. I am paying too much for rent at this time.



The thought of someone paying $3,000 a month for rent is just plain crazy especially when they can own. His credit history consists of payments on over $300,000 in student loans so he can’t get the best interest rate. His mortgage payment would be about the same as his rent, but a lot more deductions on a tax return.


He did tell me that last year he and his wife looked at over 30 properties. Hopefully that will not be the case this year.


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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 7 commentsJoe Petrowsky • March 10 2017 03:15PM


I know someone paying $3000/month for rent as well. It IS just crazy!

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, 914-419-0270, kat@thehousekat.com) about 1 year ago

Yes, $3000 a month for rent is really a lot to be paying for someone else's mortgage! 

I hope you can get them a good mortgage, Joe Petrowsky!!!

Posted by Julie Larson Realtor® Sarasota FL 941-882-0322, When you're thinking of moving...ThinkSuncoast.com (PalmerHouse Properties Florida - 941-882-0322 | Serving Sarasota, Manatee & Charlotte Counties) about 1 year ago

High rent is a trend and I don't think it's going to change soon. The sooner a buyer can get qualified, the better. 

Hope you're doing well. 


Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) about 1 year ago

With low rates and decent inventory, I can't understand why some people don't jump in with both feet! They could essentially buy a home for the same cost of renting and not have to deal with a Landlord. I hope you are able to help them move into ownership, Joe!

Posted by Nathan Gesner, Broker / Property Manager (American West Realty & Management) about 1 year ago

Good morning Joe. Some need to rent, but most need to buy! As good as time as any! Enjoy your day!

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) about 1 year ago

Looks like they need a catalyst to get them moving. I wonder what fear it is that is holding them back?

Posted by Joe Pryor, REALTOR® - Oklahoma Investment Properties (The Virtual Real Estate Team) about 1 year ago

Over $300,000 for student loans, wow. That is quite a load. If students keep signing up for these loans, lenders will keep lending, and institutions will keep charging.

Posted by Wayne Johnson, San Antonio REALTOR, San Antonio Homes For Sale (Coldwell Banker D'Ann Harper REALTORS®) about 1 year ago