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How cheap is the cheapest home for sale in your city/region? (lemmy.world)

submitted 10 months ago by ericbomb@lemmy.world to c/asklemmy@lemmy.ml

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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?

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[-] crispy_kilt@feddit.de 4 points 10 months ago* (last edited 10 months ago)

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

[-] ericbomb@lemmy.world 2 points 10 months ago

That's cheap???

Dear heavens, I didn't realize some places were that rough.

[-] crispy_kilt@feddit.de 3 points 10 months ago

Welcome to Switzerland

[-] CableMonster@lemmy.ml 3 points 10 months ago

Why is it so expensive?

[-] crispy_kilt@feddit.de 3 points 10 months ago

Very small country, growing population, generally wealthy

[-] CableMonster@lemmy.ml 3 points 10 months ago

Is $60k USD about what the average income is? That is what google told me.

[-] crispy_kilt@feddit.de 4 points 10 months ago

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.

this post was submitted on 23 Feb 2024

153 points (95.8% liked)

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