this post was submitted on 23 Feb 2024
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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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[–] [email protected] 2 points 4 months ago* (last edited 4 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

[–] [email protected] 1 points 4 months ago (1 children)

That's cheap???

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

[–] [email protected] 1 points 4 months ago (1 children)
[–] [email protected] 1 points 4 months ago (1 children)
[–] [email protected] 1 points 4 months ago (1 children)

Very small country, growing population, generally wealthy

[–] [email protected] 1 points 4 months ago (1 children)

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

[–] [email protected] 1 points 4 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.

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago) (1 children)
[–] [email protected] 1 points 4 months ago

"EXPLORE the UNTAPPED POTENTIAL", I love the agents unyielding optimism.

[–] [email protected] 1 points 4 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

[–] [email protected] 1 points 4 months ago

I'm in Ashburn, VA. I just looked at Zillow and saw that the cheapest single family home right now is $625k for 2060 sqft. If you have a credit score >719 and put $100k (~16%) down, it's only $4438/month according to their estimates.

So my wife and I live in an apartment with no kids or pets, and we both work a lot... Maybe one day we can afford a townhouse? I just found a decent looking one that's only $450k so $3200/month...

[–] [email protected] 1 points 4 months ago

Here in London, you can easily find for Β£120k a nice 100mΒ² garage without plumbing outside of a busy hospital where passerbys go to smoke and urinate.

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

For a β€œcheap β€œ 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 β€œprivate entrance”. Second cheapest is a new townhouse for $1.5M
[–] [email protected] 1 points 4 months ago

439k, 3 bed , 2 bath.

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

[–] [email protected] 1 points 4 months ago

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

[–] [email protected] 1 points 4 months ago

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.

[–] [email protected] 1 points 4 months ago

With a quick search on Zillow for Lincoln, Nebraska (~300k pop college town), cheapest I can find is $90k for a 1 bed/1 bath 500 sqft condo. $100k for a 1 bed/1 bath 500 sqft house, though technically that's a foreclosure so you might not consider that to count. The cheapest normal house for sale that I can find is $110k for a 2 bed, 1 bath 1500 sqft house. It's an older home, but actually a pretty decent location (close-ish to downtown).

[–] [email protected] 1 points 4 months ago

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.

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

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.

[–] [email protected] 1 points 4 months ago

The cheapest home I could find in my hometown of Vancouver, BC is:

1 bedroom, 1 bath, 696 sq/feet 398,000

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago) (2 children)

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

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[–] [email protected] 1 points 4 months ago (1 children)

20k. I live in a shit hole

[–] [email protected] 1 points 4 months ago (1 children)

At least it's an affordable shithole!

[–] [email protected] 1 points 4 months ago

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

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

$200,000 for a 1 Bed 1 Bath with an hour and a half commute to the city. It's a unit, so probably has a bunch of other fees attached for upkeep but they aren't listed. Area is far away from necessary services, highly car dependent and notoriously crime ridden. The unit is run down and requires renovations.

Double that for a 2 Bed 1 Bath in a similar area.

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

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

[–] [email protected] 1 points 4 months ago

$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.

[–] [email protected] 1 points 4 months ago (1 children)

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

[–] [email protected] 1 points 4 months ago

800$ per month for HOA is insane.

[–] [email protected] 1 points 4 months ago

SE MI - $100k for a rundown piece of shit

[–] [email protected] 1 points 4 months ago

Here in Victoria BC the cheapest detached house is just shy of $1m cad. What a shithole

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

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!

[–] [email protected] 1 points 4 months ago

The cheapest one is apparently in the town next door. It's a 3 bedroom, 1 bath, 984 square foot single family home built in 1955, on a third-of-an-acre lot with no HOA.

All the pictures are of the outside only, so I'm assuming the inside is pure shit. However, I also have to assume it's some kind of liveable shit, because the places that aren't liveable generally have to list as "0 bedrooms".

It's $60,000, in south/central New Jersey. Or $665 per month, which includes 30 year mortgage as well as property taxes.

[–] [email protected] 1 points 4 months ago* (last edited 4 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

[–] [email protected] 1 points 4 months ago

$229k NZD for a 2 bed, 1 bath 80sqm slumlord rental in a shit neighbourhood in Christchurch, New Zealand

[–] [email protected] 1 points 4 months ago* (last edited 4 months ago)

4.5 Rooms, 95 square meter apartment, 1β€˜315β€˜000 CHF.

Edit: Rotkreuz, Zug, Switzerland

[–] [email protected] 1 points 4 months ago* (last edited 4 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...

[–] [email protected] 1 points 4 months ago

Excluding mobile homes, you can get a 318 square foot studio in downtown San Diego for only $180,000! Not including the $770/mo HOA fee. I like that the listing includes a lot size of 1.2 acres, as if you get the whole city block to yourself.

[–] [email protected] 1 points 3 weeks ago (1 children)

$229,000 for 53 sqm (571 sqft)

[–] [email protected] 1 points 3 weeks ago

This post was 4 months ago.

Fun to know that it's still absolutely screwed.

[–] [email protected] 1 points 4 months ago

Lithuania, TelΕ‘iai county

14000 Euros

4 rooms

66 square metres

25 ars of land

Photograph for the curious

Link for even more curious

[–] [email protected] 1 points 4 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.

[–] [email protected] 1 points 4 months ago

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, Β£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 Β£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.)

[–] [email protected] 1 points 4 months ago

Regional Australia.

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

Avg wage is about $80k.

[–] [email protected] 1 points 4 months ago (1 children)

$70k in my area in NC. It's a lovely 2bd/1ba, and can keep the rain off your head (mostly). It totally wouldn't be condemned if actually inspected.

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[–] [email protected] 1 points 4 months ago (3 children)

Just a couple of years ago I found two houses on Zillow going for $65,000 in Cleveland. A front house/back house situation.

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