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.
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.
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.
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!
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.
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.
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
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.
I want to know more about this vigilante sword man
Plot twist: he was actually the serial killer hiding in plain sight
~i don’t actually know anything about this guy, just so we’re clear~
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!
I ain’t moving to rural Mississippi