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)
https://www.immoscout24.ch/buy/4000610532
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.