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?

  • tetris11@lemmy.ml
    2·
    2 years ago

    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.

    • Blackmist@feddit.ukEnglish
      1·
      2 years ago

      I had to laugh at someone in our office who found a listing for a fairly nice house for 20k.

      It was indeed a nice house. Unfortunately the listing was for the parking space in front of it.

  • BonesOfTheMoon@lemmy.world
    2·
    2 years ago

    Saw a listing for a house which has had a fire and all the copper pipes stolen being sold as is for 300K in a really gritty location in the city.

  • MrVilliam@lemmy.worldEnglish
    2·
    2 years ago

    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…

  • Hikermick@lemmy.world
    1·
    2 years ago

    Just a couple of years ago I found two houses on Zillow going for $65,000 in Cleveland. A front house/back house situation.

  • ℕ𝕖𝕞𝕠@midwest.social
    1·
    2 years 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

  • marine_mustang@sh.itjust.works
    1·
    2 years ago

    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.

  • Sanctus@lemmy.worldEnglish
    1·
    2 years ago

    This housing crisis won’t change until we start to move into politician’s lawns and garages.

  • V0uges@jlai.lu
    1·
    2 years ago

    The cheapest livable in Paris, FR would be a 35m2 with two rooms, a kitchen and a tiny basement room for 30k€. It’s actually sold by the courts in April in an auction after being seized for whatever reason and I currently wonder whether I should make an offer for it as it’s so dirt cheap and I could pay it cash.

    • crispy_kilt@feddit.de
      1·
      2 years ago

      That’s stupidly cheap, especially for a city like Paris. In Swiss cities single outdoor parking spaces go for 30k. Not in the centre though.