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?
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
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.
Holy shit. How does that have a positive value? Still, Pittsburgh… hm…
Hyup. I was born and raised here, and love the city to death.
Wilkinsburg is a bit of a strange part of town. It’s one of a few neighborhoods that have resisted annexation for a century plus. Just look at a map of Pittsburgh and you’ll see big empty holes (literally mount Oliver is completely surrounded by the city). This results in some weird circumstances, wilkinsburg has really high taxes, shit schools, and is one of the rougher parts of town.
On the other hand, I love where I’m at in the city, I got a beautiful 1800 sq ft 4BR home built in 1890 along the river. I can see the water from my front stoop. $160k, and I have a few roommates. Currently slowly renovating the place.
It is a bit ironic opening Instagram or something and seeing posts like “omg! Pittsburgh is so affordable, my rent is under $2k!!!” For those shitty “luxury” apartments going in all over the country. Meanwhile, my mortgage is $830 because I bought during covid.
I feel the creep and know the city isn’t gonna be affordable forever. Wages are still a bit shit around here.
$229k NZD for a 2 bed, 1 bath 80sqm slumlord rental in a shit neighbourhood in Christchurch, New Zealand
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…
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…
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…
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.
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.
4.5 Rooms, 95 square meter apartment, 1‘315‘000 CHF.
Edit: Rotkreuz, Zug, Switzerland
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.
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.
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
$80k cad - 3 bedroom and 1 bath. Probably needs a good cleaning and upgrade. Bus stop close by. Not so good area but it’s ok.
According to Zillow, a 3 bed 2 bath with 800 monthly HOA fees for 465k.
800$ per month for HOA is insane.
Not long ago, 40-50k, now 90-100k.
