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
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.
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.
For a “cheap “ suburb of Boston
- $580k for 1,038 sq ft 2 br on a 5,000 sq ft lot. The homes on this area were originally built as summer cottages so they’re going to be expensive to heat. Of 12 single family homes for sale, 7 are over $1M and one is in a different town
- $265k for a 1 br condo, 579 sq ft. The only feature listed is “private entrance”. Second cheapest is a new townhouse for $1.5M
My house is a small two story granny cottage with a total floor area of 90sqm (1000sqf) though the upstairs have a low ceiling so the “true” floor are is closer to 60sqm (650sqm). The plot is 1000sqm (10500sqf) and has an additional building with a sauna and a small workshop space. It’s located about 10km (6 miles) from the city centre on a residential neighbourhood in Finland. It’s one of the major cities in the country. I paid about 105k€ for it which means 450€/month
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.
$229k NZD for a 2 bed, 1 bath 80sqm slumlord rental in a shit neighbourhood in Christchurch, New Zealand
$59,900 (Canadian)
704 sqft, 1 story, built in 1905
Not, of course, in a desirable neighborhood, and most of the “recent renovations” scream flipper, but it is cheap…
https://www.realtor.ca/real-estate/26213715/655-magnus-avenue-winnipeg-north-end
795 k, and it’s an absolute dump 1 br in the worst part of town.
Where?
In between SF and San Jose, CA
$70k USD - 3 bed, 2.5 bath, 1400sq ft., 0.3 acre lot, two stories and a detached garage. The interior needs plenty of non-cosmetic work (e.g. - new flooring)
$75k USD - 2 bed, 1 bath, 800sq ft., 0.15 acre lot; newly redone floors, electric and paint.
After that, there’s about 10 more in the 125-150K range.
I don’t really understand the question. We have a few “houses” you can buy that would need a lot of work (to be livable for most people), that are also probably in high-crime areas (because of the price), that are available cheap.
You can buy a 1/1 in Montgomery, Alabama, downtown, on a 3,000 sq.ft. lot, for $4,000.00 total. 4k, that’s it. You can buy a 4/2 for $9,000.00. 9k, that’s all. And there’s more than one available. Come on down!
Lithuania, Telšiai county
14000 Euros
4 rooms
66 square metres
25 ars of land
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
$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.
Here in Victoria BC the cheapest detached house is just shy of $1m cad. What a shithole