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?
You must log in or register to comment.
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
315k GBP for a 2br ‘period property’ (aka a disgusting dilapidated horder house with the energy efficiency of a tent)
Figure in another 100k and a year to fix it, due to how UK contractors work.
Not long ago, 40-50k, now 90-100k.
deleted by creator
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…
Excluding mobile homes, you can get a 318 square foot studio in downtown San Diego for only $180,000! Not including the $770/mo HOA fee. I like that the listing includes a lot size of 1.2 acres, as if you get the whole city block to yourself.
Regional Australia.
$250k will get you a 90s apartment or a shitbox in bumsville.
Avg wage is about $80k.
Here in London, you can easily find for £120k a nice 100m² garage without plumbing outside of a busy hospital where passerbys go to smoke and urinate.
$70k in my area in NC. It’s a lovely 2bd/1ba, and can keep the rain off your head (mostly). It totally wouldn’t be condemned if actually inspected.
Rule 1 of affordable housing:
No narcs!
$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.
$200,000 for a 1 Bed 1 Bath with an hour and a half commute to the city. It’s a unit, so probably has a bunch of other fees attached for upkeep but they aren’t listed. Area is far away from necessary services, highly car dependent and notoriously crime ridden. The unit is run down and requires renovations.
Double that for a 2 Bed 1 Bath in a similar area.
4.5 Rooms, 95 square meter apartment, 1‘315‘000 CHF.
Edit: Rotkreuz, Zug, Switzerland
Does HOA mow your lawn, make you food and drive you anywhere?
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.)
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.
