The all-in daily cost for my mother's South St. Louis City bungalow is $16.50. That includes mortgage repayment, property taxes, and insurance on a conventional

The all-in daily cost for my mother's South St. Louis City bungalow is $16.50. That includes mortgage repayment, property taxes, and insurance on a conventional 30-year loan with 20% down. She lives in a structurally intact, solidly working-class portion of the city. The point is that a lot of people don't want to live in a South St. Louis City bungalow. (By the way, I think a lot of the snobbery around this is misguided, but it is what it is.)