“in any country” took it too far, since there’s places where you can basically buy a house outright for that amount. “Western/first world” wouldn’t even cover it I don’t think, with Italy and eastern Europe being a thing. Even in my very expensive western European country our mortgage isn’t that much higher than that (we kinda lucked out), but of course once you account for all real expenses it is.
Comment on A conundrum
4am@lemmy.zip 4 weeks ago
An ancient conundrum of you think anyone’s mortgage payment is £500, in any country
Obi@sopuli.xyz 4 weeks ago
Canonical_Warlock@lemmy.dbzer0.com 4 weeks ago
My actual mortgage payment is probably just under $500. Taxes and insurance just put it at about $1000. I bought a nearly crack den quality fixer upper about 6 years ago in a moderately low COL area. In the truely low COL areas I imagine you might still be able to manage the same pricing today. It’s probably doable, just not anywhere most people want to live or with a house that doesn’t have a bunch of issues.