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Obama's Address Urges Nation to Move Forward Green Street Advisors, a real estate firm in Newport Beach, California, reported that in the last 18 years, mortgage payments averaged between 26 and 66% more than rent. By the end of 2008, the average monthly rent for the key 50 metropolitan areas was $1,045, compared to the after-tax mortgage payments of $1,300 – a difference of only 24% more than rent payments. Be a Smart Condo Shopper This is certainly something we've seen time and again in large urban projects. Developers create a buying frenzy by advertising for early bird buyers who are certain to get first dibs on the choicest suites. People line up by the hundreds, some even camping out to be among the first buyers. In the meantime, developers have been quietly selling units for weeks. Screen Your Condo Board Before You Buy You've spent countless hours at sales presentations and touring through model condo units, and now finally you're ready to take the plunge. You love the condo, but before you sign on the dotted line, make sure you're equally compatible with the condo association. Take some time to go through the following check list before you buy. You'll be glad you did!