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?

  • MomoTimeToDie@sh.itjust.works
    0·
    10 months ago

    Thanks for the link, definitely an interesting time browsing. And sorry to keep bothering you about Japanese real estate, I’m sure you have more interesting things to think about, but looking at it, the offerings on the “under 20 million yen” page just seem absurdly too good to be true. Like, looking at something like This, 1100 square feet, seemingly fairly recent renovations and built in '94, parking for 3 cars, and only 35 minute walk from the station, yet it’s listed for 11.7 million yen/78k usd? Like, from an American perspective, it looks like some Craigslist scam to get your banking info. Is there something getting lost in between cultures? Is the Japanese market really just that much cheaper?

    • tiredofsametab@kbin.run
      0·
      10 months ago

      Most people would consider a house that’s 30-40 years old at end-of-life. There are likely restrictions on the property about rebuilding or something as well; that’s usually the only time you see stuff that cheap.

      35 minutes to the station is too far for most people as well (prices drop as soon as you hit 20, typically).

      You wouldn’t have central heat/air (not a thing here), the insulation is probably very little, etc. That’s all still just normal here.

      • MomoTimeToDie@sh.itjust.works
        0·
        10 months ago

        Most people would consider a house that’s 30-40 years old at end-of-life

        That’s pretty interesting to me. The house I grew up in was built in the late 50s, as was the entire neighborhood, making it just under 40 years old by the time I was born, and it’s still there today, with the only major renovations being redoing the flooring and replacing appliances.

        Is the shorter lifespan more of just a cultural thing, or is it a matter of how housing is built? Because I can certainly see the pricing if it’s the latter and it’s nearing the point of requiring major maintenance.