Comment on Bank Workers, Rejoice!
Pacattack57@lemmy.world 12 hours ago
A 350k house assuming the national average on taxes and interest rates comes out to just shy of 1 million dollars. Over 650k in interest. The payment is $1700 which to put it in perspective my home was 260k at 2.8% interest and my payment is $1830 on a 30 year mortgage.
titanicx@lemmy.zip 10 hours ago
I mean honestly good luck finding a 350,000 home. Even the homes that are 40 years old in my area are selling for 4 to 500,000. The new home build s are averaging 400 to $450,000 to start. So getting a home at $260,000 that you got would be a dream.
funkless_eck@sh.itjust.works 8 hours ago
I mean I bought a 2100ft² house on 0.8 acres in 2024 for 320k @ 5.5%, 11 miles put from the center of one of the 50 most populated cities in the US.
Not the best deal, not the worst, but definitely possible
BanMe@lemmy.world 7 hours ago
2300 sqft historic home in a capitol city downtown… 8 years ago… but I do have to put up with a few quirks like the homeless everywhere and the serial killer that was actively preying on them for several years, and the sword-carrying superhero who then came along to patrol and ‘fight’ this killer.
We have a security system.
some_kind_of_guy@lemmy.world 6 hours ago
I want to know more about this vigilante sword man
jmf@lemmy.dbzer0.com 8 hours ago
You can still find sub 50k homes, but you will have to temper your expectations for the area and condition. Can’t be afraid to learn a few renovation tricks and get your hands dirty!
titanicx@lemmy.zip 7 hours ago
I ain’t moving to rural Mississippi