this post was submitted on 23 Feb 2024
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How cheap is the cheapest home for sale in your city/region? (lemmy.world)
submitted 8 months ago by ericbomb@lemmy.world to c/asklemmy@lemmy.ml
15 comments fedilink hide all child comments
 

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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[–] ParsnipWitch@feddit.de 0 points 8 months ago* (last edited 8 months ago) (1 children)

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...

[–] crispy_kilt@feddit.de 0 points 8 months ago

The church bells' relentless ringing, calling for the children of the area to come to the priest's most loving care, probably drives down the price a lot

[–] potpotato@lemmy.world 0 points 8 months ago (1 children)

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

[–] crispy_kilt@feddit.de 0 points 8 months ago

Where?

[–] Raiderkev@lemmy.world 0 points 8 months ago* (last edited 8 months ago) (1 children)

795 k, and it's an absolute dump 1 br in the worst part of town.

[–] crispy_kilt@feddit.de 0 points 8 months ago (1 children)

Where?

[–] Raiderkev@lemmy.world 0 points 8 months ago (1 children)

In between SF and San Jose, CA

[–] crispy_kilt@feddit.de 0 points 8 months ago

That's stupidly expensive

[–] crispy_kilt@feddit.de 0 points 8 months ago* (last edited 8 months ago) (1 children)

Genève (Geneva), Switzerland

Cheapest apartment is 38mΒ², 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 240mΒ², 6 rooms, 2'950'000 CHF (3'347'000 USD)

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

[–] ericbomb@lemmy.world 0 points 8 months ago (1 children)

That's cheap???

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

[–] crispy_kilt@feddit.de 0 points 8 months ago (1 children)

Welcome to Switzerland

[–] CableMonster@lemmy.ml 0 points 8 months ago (1 children)

Why is it so expensive?

[–] crispy_kilt@feddit.de 0 points 8 months ago (1 children)

Very small country, growing population, generally wealthy

[–] CableMonster@lemmy.ml 0 points 8 months ago (1 children)

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

[–] crispy_kilt@feddit.de 0 points 8 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.