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
Here in London, you can easily find for £120k a nice 100m² garage without plumbing outside of a busy hospital where passerbys go to smoke and urinate.
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“EXPLORE the UNTAPPED POTENTIAL”, I love the agents unyielding optimism.
Lithuania, Telšiai county
14000 Euros
4 rooms
66 square metres
25 ars of land
Not answering the question really, but it prompted me to check out property prices in my home town in New Zealand - small town near a small city in the south. Example: 3br “character” wooden villa on a small section, NZ$700k (US$434k, £350k). I had heard about the explosion in NZ house prices, but that really took me aback. The house I live in now, 3br mid-terrace with garden in a similar sized Scottish town, would sell for about £250k. Even that seems crazy expensive, but at least it’s within half an hour of a fantastic city.
(The estate agent’s website lists previous sale prices, it shows the kiwi horror story: 2022: $570k; 2019: $430k; 2011: $271k; 1988: $52k; 1984: $26k.)
$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
Not long ago, 40-50k, now 90-100k.
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…
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
$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.
Regional Australia.
$250k will get you a 90s apartment or a shitbox in bumsville.
Avg wage is about $80k.
Just a couple of years ago I found two houses on Zillow going for $65,000 in Cleveland. A front house/back house situation.
When you say front house / back house is that like a duplex?
Two separate houses on the same lot, one is in the backyard of the other.
Oh that’s odd.
439k, 3 bed , 2 bath.
It gets cheaper, but they are mobile homes and restricted to 55+
$229,000 for 53 sqm (571 sqft)
This post was 4 months ago.
Fun to know that it’s still absolutely screwed.
