May I ask you guys, what price do houses sell for where you live and/or what kind of rent do you guys pay if you rent?
We’ve got one on our street that’s listed at $1.6 million, mtg payment is $6800 a month
Homes in my neighborhood go for $200,000 and up
The prices in our area start at about $500,000, and rents start around $2,000.
In my town you can get a 2 bedroom for $150k. Or you can get a 4-5 bedroom on the river for over $600k. Rent for a decent 3 bedroom house starts around $1200.
Country cottages in this village - two bedrooms one living room, kitchen and bathroom - go for about 300000 pounds - $390000. "Normal" houses start at around 400000 - $512000 - no wonder young people have given up on ever owning their own home.