Quote:
Originally Posted by Bearcat
Yeah, I just used a basic mortgage calculator that included the stupid ****ing PMI, which came out to like $1634/month... no down payment for simplicity, but also have no idea what's out there for first time homebuyers.
Definitely worse than I would have guessed, even though I knew it was bad.
I went back and looked in the neighborhood where I bought my first house at $90k and a comparable one down the street just sold for $190k.  |
Yeah all of the inner city and starter homes are owned by REITs and LLC Landlords with dozens and dozens of properties now. You need to be ready to spend 300-350k if you want to live in a reasonably desirable area with acceptable schools. That number was more like 200-250k pre pandemic