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images hair tom petty greatest hits Time Greatest Hits MusicvalidIV06-05 02:01 PMThis is your justification for renting? Your 1300 goes to that owners mortgage. You are paying so that he can own the property you live in. I would not be surprised if he has multiple condos renting to others like you. Since you cite an example, let me cite one of mine. Co-op bought in 2004, Queens NY 2 bedroom: