What if I told you…
…that there’s a place in America where you can buy a decent house for less than 100k, and have a <20min bike ride to get pretty much anywhere in town?
Below 50k and banks will be reluctant to give you a mortgage for that little.
It’s like 3-4 years of one minimum wage worker’s total gross wages to buy a house outright. 3 proles sharing a 3br apt, working 20 hours/wk and being thrifty, they’ll afford a down payment within 1 year. How is that not cheap enough?
EDIT: I’m talking outright, not yearly or monthly. Monthly total cost would be below $1000 including utilities.
By thrifty most of what I mean is not operating more than 1 car between 3 people. Because car ownership costs about ($2500 + [miles per day]*100) a year.
I would tell you all the cool things you could ride your bike to but I’d be doxxing myself.
I mean if it’s that easy why isn’t everyone doing it? I have no friends, no credit, and no job prospects besides the one I’m at now I lucked into. I’m hoping to get something very small on the land my parents have that’s already hooked up for power and well water. I might have 20k saved up in two years from right now if nothing comes up between now and then but I’d need a vehicle too.
