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$1,100 month for a 2 bedroom 1 1/2 bath townhouse with garage in West Seattle. Amazing view of Puget Sound from deck.
Funny, if I were to try to buy such a place as we are renting I'd probably pay at least twice as much in mortgage payments. That doesn't make sense to me. Why buy when you can rent for cheaper?
Because the thought is that you will be paying yourself instead of someone else.
As for me, $1200. in Sterling Hts, MI for a 3/2 with finished basement that has another room, attached 2 car garage, great sunroom with hot tub. You can find cheaper I am sure.
As I read some of these outrageous payments, have to wonder what you all do for a living to be able to afford these payments?
Wow, you can't rent a crack house in Compton for $400 a month. Don't move to LA, the rents will shock you.
I always wondered about that... places like NYC and LA where the "poor" people live with rents in the $1500?? Poor and living in a $1500/month neighborhood? Perhaps seven people live in one room or something... thank goodness for sprawl... if not for sprawl, rent will probably be $5000 a month with twenty people living in a room... hahaha
$400 a month plus utilities, 3bd, 2 b, house on 5 acres in Eastern NC. He normally gets $500. This would be a MAJOR hard find in upstate Ny 10 yrs ago, where I moved from. 4 dogs, 3 kids and plenty of room for flowers and veggies!!!!
Now to just get him to sell it to us would be the bomb!
I said earlier in my thread my rent is $1075 for a one-bedroom apartment. Well, I sat down with a broker to get pre-qualified for a house in the East Bay. When he told me my mortgage would be $710, I about flipped.. not only because it means I can get a house for the price of an apartment, but because it made me realize I've thrown away about $23,000 over the past two years for nothing.
$600/month for a rinky dink studio in a old building
Quote:
Originally Posted by censusdata
I rent a small studio apartment in a Victorian era house. $355 covers rent , all utilities, and pet rent for a dog and cat
The section of my neighborhood is really cool because it was modeled after fashionable areas of London - even many of the streets have the same name (Belgravia, St James, Kensington)
I said earlier in my thread my rent is $1075 for a one-bedroom apartment. Well, I sat down with a broker to get pre-qualified for a house in the East Bay. When he told me my mortgage would be $710, I about flipped.. not only because it means I can get a house for the price of an apartment, but because it made me realize I've thrown away about $23,000 over the past two years for nothing.
On a fully amortized 30yr at 5.5%, that only gets you $125,000 mortgage, even with $25,000 down that is only $150,000, I haven't heard of any detached structures for that little, east of Tracy, 2 years ago. Almost all the houses in Oakland for sale now under 200k would've sold for over 500k 2 years ago. If you do interest only the mortgage amount goes up to $155k on a $710 payment, still has the same problem since nothing was for sale for that little. Anybody who actually owns a house knows the cost of maintenance, insurance, earthquake insurance, property taxes, are nothing to sneeze at. For someone making good money the amount of property taxes to Alameda county is roughly the same as the mortgage interest deduction, though so they cancel each other out. Either way the neighborhood in SSF seems nicer than that in Oakland.
So you could've searched for something with total costs around $1000/month to purchase two years ago, but you probably would've driven all the way out East to Modesto. After all back then studios at Shelter Creek in San Bruno sold for 300k, houses in Tracy sold in the mid-500s, houses in not so desirable parts of Oakland for the low 500s, same as East Palo Alto, Brentwood, CA was priced in the 700s, and everybody though RE had nowhere to go but up. It sort of reminded me of the dot-com era, and the same obsession and euphoria everybody had back then. Life is different now and working class people can actually make an honest bid on a modest house in Oakland, I suppose some people think that is bad. But I always thought the opposite was bad. But that was the nature of the bubble to make money off the new guy, who presumably had no choice, but to buy, because renting is throwing money away.
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have to wonder what you all do for a living to be able to afford these payments?
