In Utah County the cheapest “House” for sale is 600 square feet, 2 bed, 1 bath, at $300k.
So at current interest rate it would be $1,800 a month mortgage(assuming you put the 60k down payment! A decent amount more if you do 3% down.)
The cheapest condo/town in utah valley is 205k, 1,100 square feet, on a 400 square foot lot. But due to a $500 HOA fee the monthly cost is still 1,700 a month (assuming 20% down).
With 3.5% down they’d both be closer to 2.1k +PIMI.
So yeah, how is where you live doing?
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Genève (Geneva), Switzerland
Cheapest apartment is 38m², 2 rooms, 570’000 CHF (646’000 USD)
That’s very cheap. It’s a shitty flat but livable if need be.
https://www.immoscout24.ch/buy/4000814125
Cheapest house is 240m², 6 rooms, 2’950’000 CHF (3’347’000 USD)
That’s cheap???
Dear heavens, I didn’t realize some places were that rough.
Welcome to Switzerland
According to Zillow, a 3 bed 2 bath with 800 monthly HOA fees for 465k.
800$ per month for HOA is insane.
I bought my 3BR 1bath SFH, west side of Chicago, for $61K… kinda. To be actually livable it needed another $21K in immediate repairs (electric, plumbing, HVAC).
Luckily I refinanced right before inflation went crazy, so my total mortgage + escrow is $945/mo.
We also looked at a 3-flat building for $2K, but it had a $10K lien on it and all the copper had been stripped, sooooo
Like $15k if you want a total gut & remodel
Edit: found one for $10k. Fun. https://www.zillow.com/homedetails/1205-Mill-St-Pittsburgh-PA-15221/11379395_zpid/?utm_medium=referral
“EXPLORE the UNTAPPED POTENTIAL”, I love the agents unyielding optimism.
I’m in Ashburn, VA. I just looked at Zillow and saw that the cheapest single family home right now is $625k for 2060 sqft. If you have a credit score >719 and put $100k (~16%) down, it’s only $4438/month according to their estimates.
So my wife and I live in an apartment with no kids or pets, and we both work a lot… Maybe one day we can afford a townhouse? I just found a decent looking one that’s only $450k so $3200/month…
SE MI - $100k for a rundown piece of shit
Here in Victoria BC the cheapest detached house is just shy of $1m cad. What a shithole
There’s no houses that small for sale near me, but the cheapest livable house is about 3x that size, 4br, 2ba, for $150,000, but it’s a townhome. If you want a single family you’re looking at about $200,000. Central Pennsylvania, USA
Regional Australia.
$250k will get you a 90s apartment or a shitbox in bumsville.
Avg wage is about $80k.
4.5 Rooms, 95 square meter apartment, 1‘315‘000 CHF.
Edit: Rotkreuz, Zug, Switzerland
$80k cad - 3 bedroom and 1 bath. Probably needs a good cleaning and upgrade. Bus stop close by. Not so good area but it’s ok.
38 m^2, 2 rooms, 1 bathroom, 169000 € in a rural part of a bigger city in Western Germany.
That’s an exception, though. The house is a bit weird since it apparently stands next to a church in the backyard of some other building…
2 bedroom, 1 bath mobile home from 1960: $26,900.
$650/mo. HOA fees.
Holy shit. I thought the $650 included HOA fees. That’s literally JUST the HOA fees. My mortgage on a $300k house is only $300 more than that. Though, I do have a 3% loan. Not getting that again.
With a quick search on Zillow for Lincoln, Nebraska (~300k pop college town), cheapest I can find is $90k for a 1 bed/1 bath 500 sqft condo. $100k for a 1 bed/1 bath 500 sqft house, though technically that’s a foreclosure so you might not consider that to count. The cheapest normal house for sale that I can find is $110k for a 2 bed, 1 bath 1500 sqft house. It’s an older home, but actually a pretty decent location (close-ish to downtown).
Not long ago, 40-50k, now 90-100k.
