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2 months agoYeah they’re still technically $700/mo in the negative.
$1400 mortgage + $1600 apartment is $3000 in expenses. $2300 income from the rent gives them an outlay of $700 they still have to come up with for the apartment.
So for strictly housing costs, they pay $700/mo. That likely doesn’t include all of the other things they need: food, transportation, medical, utilities, etc.
Right? Dude, we don’t all live in a city. I’ve got four horses that need to be hauled on a regular basis. Your minivan or van isn’t pulling a gooseneck 4-horse trailer.