I bought a 2 bedroom single family home in South Carolina last year for $86k with only $11k down, 7 minute drive from the city center of the capital city (Columbia). Mortgage is $480/mo. Cheap houses absolutely still exist if you’re willing to live in areas where “nobody wants to live”
Where y’all finding houses for 500/month with a 25k downpayment?
Seems cheap af. If you only did a 25k downpayment the mortgage would certainly be more expensive than rent where I’m at.
I bought a 2 bedroom single family home in South Carolina last year for $86k with only $11k down, 7 minute drive from the city center of the capital city (Columbia). Mortgage is $480/mo. Cheap houses absolutely still exist if you’re willing to live in areas where “nobody wants to live”
My house was cheap in a shit area (like knuckle draggers shouting at hotels shit) and that cost me £800 a month 20 years ago.
And that was with a massive deposit. Still, paid that shit off now.
There will be shitholes in bum fuck nowhere but in this area rent will not be 1k lol
Would have been standard fare in Sweden until recently, but that’s obviously an outlier