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?

    • krash@lemmy.ml
      1·
      7 months ago

      “EXPLORE the UNTAPPED POTENTIAL”, I love the agents unyielding optimism.

  • rab@lemmy.ca
    1·
    7 months ago

    Here in Victoria BC the cheapest detached house is just shy of $1m cad. What a shithole

  • athos77@kbin.social
    1·
    7 months ago

    The cheapest one is apparently in the town next door. It’s a 3 bedroom, 1 bath, 984 square foot single family home built in 1955, on a third-of-an-acre lot with no HOA.

    All the pictures are of the outside only, so I’m assuming the inside is pure shit. However, I also have to assume it’s some kind of liveable shit, because the places that aren’t liveable generally have to list as “0 bedrooms”.

    It’s $60,000, in south/central New Jersey. Or $665 per month, which includes 30 year mortgage as well as property taxes.

  • Semi-Hemi-Demigod@kbin.social
    1·
    7 months ago

    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

  • ArtieShaw@kbin.social
    1·
    7 months ago

    $70k USD - 3 bed, 2.5 bath, 1400sq ft., 0.3 acre lot, two stories and a detached garage. The interior needs plenty of non-cosmetic work (e.g. - new flooring)

    $75k USD - 2 bed, 1 bath, 800sq ft., 0.15 acre lot; newly redone floors, electric and paint.

    After that, there’s about 10 more in the 125-150K range.

  • MrsDoyle@lemmy.world
    1·
    7 months ago

    Not answering the question really, but it prompted me to check out property prices in my home town in New Zealand - small town near a small city in the south. Example: 3br “character” wooden villa on a small section, NZ$700k (US$434k, £350k). I had heard about the explosion in NZ house prices, but that really took me aback. The house I live in now, 3br mid-terrace with garden in a similar sized Scottish town, would sell for about £250k. Even that seems crazy expensive, but at least it’s within half an hour of a fantastic city.

    (The estate agent’s website lists previous sale prices, it shows the kiwi horror story: 2022: $570k; 2019: $430k; 2011: $271k; 1988: $52k; 1984: $26k.)

  • ℕ𝕖𝕞𝕠@midwest.social
    1·
    7 months ago

    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