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
$229k NZD for a 2 bed, 1 bath 80sqm slumlord rental in a shit neighbourhood in Christchurch, New Zealand
SE MI - $100k for a rundown piece of shit
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.
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.
$59,900 (Canadian)
704 sqft, 1 story, built in 1905
Not, of course, in a desirable neighborhood, and most of the “recent renovations” scream flipper, but it is cheap…
https://www.realtor.ca/real-estate/26213715/655-magnus-avenue-winnipeg-north-end
20k. I live in a shit hole
At least it’s an affordable shithole!
Exactly lol. That’s why currently stuck commuting a bit more than 3 hours a day round trip to work smh
Regional Australia.
$250k will get you a 90s apartment or a shitbox in bumsville.
Avg wage is about $80k.
For a “cheap “ suburb of Boston
- $580k for 1,038 sq ft 2 br on a 5,000 sq ft lot. The homes on this area were originally built as summer cottages so they’re going to be expensive to heat. Of 12 single family homes for sale, 7 are over $1M and one is in a different town
- $265k for a 1 br condo, 579 sq ft. The only feature listed is “private entrance”. Second cheapest is a new townhouse for $1.5M
My house is a small two story granny cottage with a total floor area of 90sqm (1000sqf) though the upstairs have a low ceiling so the “true” floor are is closer to 60sqm (650sqm). The plot is 1000sqm (10500sqf) and has an additional building with a sauna and a small workshop space. It’s located about 10km (6 miles) from the city centre on a residential neighbourhood in Finland. It’s one of the major cities in the country. I paid about 105k€ for it which means 450€/month
There are houses in my town that have sold in the last 12 months for less than $100,000.
These don’t include the shacks that are falling apart that sell for $30,000.This one was bought, fixed up, and is currently listed for $132,000.
Does HOA mow your lawn, make you food and drive you anywhere?
Damn, I didn’t realize I just wasted 45 minutes. No definitive answer, but it seems €30-40k for something that should be repaired, but could be barely lived in.
The absolutely cheapest I found was €17,000 with no photos from indoors, only with description saying it is not suitable for living in the current condition…
795 k, and it’s an absolute dump 1 br in the worst part of town.
Where?
In between SF and San Jose, CA
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
