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

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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[-] jordanlund@lemmy.world 4 points 10 months ago* (last edited 10 months ago)
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[-] Melkath@kbin.social 4 points 10 months ago

According to Zillow, a 3 bed 2 bath with 800 monthly HOA fees for 465k.

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[-] Vex_Detrause@lemmy.ca 4 points 10 months ago

Does HOA mow your lawn, make you food and drive you anywhere?

[-] Doxatek@mander.xyz 4 points 10 months ago

20k. I live in a shit hole

[-] Hobo@lemmy.world 3 points 10 months ago

At least it's an affordable shithole!

[-] Doxatek@mander.xyz 3 points 10 months ago

Exactly lol. That's why currently stuck commuting a bit more than 3 hours a day round trip to work smh

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

Feel your pain. Did the same thing for about a decade and it wasn't awesome. At the end of it I felt like all I did was commute, work, commute, and repeat the next day. Barely saw my family. Hope it gets better for you though!

[-] Justas@sh.itjust.works 4 points 10 months ago

Lithuania, Telšiai county

14000 Euros

4 rooms

66 square metres

25 ars of land

Photograph for the curious

Link for even more curious

[-] ericbomb@lemmy.world 4 points 10 months ago

That sounds cheap as an American! Is it affordable with how much money Lithuainians make?

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

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...

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[-] mke_geek@lemm.ee 4 points 10 months ago

There's 41 houses/duplexes for sale in my city at or under $50k. The lowest are listed at $5,000 but someone could probably buy it for less. The city also provides $20,000 in money to fix up any of the houses they own.

[-] toiletobserver@lemmy.world 4 points 10 months ago

439k, 3 bed , 2 bath.

It gets cheaper, but they are mobile homes and restricted to 55+

[-] 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

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[-] yenahmik@lemmy.world 4 points 10 months ago

Oh fun. $330k for a 500sqft shack that is partially collapsed. The only info on the listing states the lot will need to be scraped, so basically that is the cost of an empty lot.

Going out a bit further, you can find a couple of houses around $350k that are liveable. They are 700-900 sqft and 0-2 bedrooms.

[-] potpotato@lemmy.world 3 points 10 months ago

Not long ago, 40-50k, now 90-100k.

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[-] fine_sandy_bottom@discuss.tchncs.de 3 points 10 months ago

Regional Australia.

$250k will get you a 90s apartment or a shitbox in bumsville.

Avg wage is about $80k.

[-] user224@lemmy.sdf.org 3 points 10 months ago

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...

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[-] Nemo@midwest.social 3 points 10 months ago* (last edited 10 months ago)

I bought my 3BR 1bath SFH, west side of Chicago, for $61K... kinda. To be actually livable it needed another $21K in immediate repairs (electric, plumbing, HVAC).

Luckily I refinanced right before inflation went crazy, so my total mortgage + escrow is $945/mo.

We also looked at a 3-flat building for $2K, but it had a $10K lien on it and all the copper had been stripped, sooooo

[-] Semi-Hemi-Demigod@kbin.social 3 points 10 months ago

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

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[-] ArtieShaw@kbin.social 3 points 10 months ago

$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.

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this post was submitted on 23 Feb 2024
153 points (95.8% liked)

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