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submitted 8 months ago by ericbomb@lemmy.world to c/asklemmy@lemmy.ml

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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[-] rab@lemmy.ca 5 points 8 months ago

Nothing will help unless they ban the ability to own multiple properties. Policies such as the empty homes one have intentional loopholes

this post was submitted on 23 Feb 2024
153 points (95.8% liked)

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