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?
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…
The church bells’ relentless ringing, calling for the children of the area to come to the priest’s most loving care, probably drives down the price a lot
Not long ago, 40-50k, now 90-100k.
Where?
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
Why is it so expensive?
Very small country, growing population, generally wealthy
Is $60k USD about what the average income is? That is what google told me.
I don’t know the average, but the median household income is 10’114 CHF (11’480 USD) per month, so 121’386 CHF (137’800 USD) per year.
795 k, and it’s an absolute dump 1 br in the worst part of town.
Where?
In between SF and San Jose, CA
That’s stupidly expensive