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

submitted 9 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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[–] Melatonin@lemmy.dbzer0.com 7 points 9 months ago* (last edited 9 months ago) (1 children)

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!

[–] GiddyGap@lemm.ee 3 points 9 months ago (1 children)

Great. Just remember that having to deal with the Alabama Supreme Court carries an additional cost.

[–] Melatonin@lemmy.dbzer0.com 3 points 9 months ago (1 children)

There's a reason for everything. But Montgomery, Alabama is a bargain housing-wise. You can get a real decent home for 100-150k no problem, and a gem for a bit more. The city has history (a lot not positive for white people) and a newly reelected black Democrat mayor who is pursuing rejuvenation. Some cool things are happening.

[–] GiddyGap@lemm.ee 4 points 9 months ago (1 children)

I understand the history and cost-related benefits to home buying. I just couldn't live in that kind of conservative political climate.

[–] Melatonin@lemmy.dbzer0.com 1 points 9 months ago

It's not to be underestimated.