6 ms·

Not sure. Mortgage rates in the us are 3.5-4.5% (https://www.bankrate.com/new-jersey/mortgage-rates.aspx https://www.bankrate.com/new-jersey/mortgage-rates.aspx

Not sure. Mortgage rates in the us are 3.5-4.5% (https://www.bankrate.com/new-jersey/mortgage-rates.aspx https://www.bankrate.com/new-jersey/mortgage-rates.aspx), while I can get a mortgage in the Netherlands for less than half of that (1.8-2.5%, https://www.abnamro.nl/nl/mobile/prive/hypotheken/actuele-hypotheekrente/hypotheekrente-overzicht.html https://www.abnamro.nl/nl/mobile/prive/hypotheken/actuele-hy...) (I actually just got a mortgage and it was pretty painless: 1 week from 1st contact to contract)

astura 9y ago
I don't speak Dutch and Google translate doesn't work for that page for some reason, but I strongly believe you're comparing apples to oranges. What's the terms to get a 1.8% mortgage? How much loan to value (down payment) is required and how long is the loan term? Fixed or variable rate? What is the maximum debt to income ratio? Income requirements? Is that APR or APY? I believe, again I don't speak Dutch, the longest loan term on that page is 10 years. If that's the case, then you'd have to compare it to a 10 year mortgage in the US, not a 30 year like you did. Edit: I was holding my phone in a way I couldn't see the whole table. It appears to me that a 30 year mortgage with less than a 15% down payment is 4.40%.
0xfeba 9y ago
Homes in NL, and EU in general are about 2-5x the price of an American home.
- ashelmire 9y ago
  Compared to where? The median house value in LA is nearly 50% higher than in Amsterdam. SF and NY would be worse, as would many other areas. Sure, a house in the middle of nowhere or shit areas in the US is cheap, but any desirable area is expensive.
  - softawre 9y ago
    As somebody that lives in a "shit area", can you find a new adjective? I love the Midwest, my money goes WAY further here working remote for a California company, not to mention all of the other benefits. Not bashing LA/NY or those who choose to live there, but stop bashing us.
    - jstarfish 9y ago
      Anyone who measures their commute in terms of hours because they can't afford to live closer to work lives in a "shit area." Temecula is a shit/middle of nowhere area if your closest employment options are in LA. Nobody said anything about the Midwest being shitty.
    - applecrazy 9y ago
      Slightly off topic, but since you work remote, how is internet connectivity there? Are you able to get decent speed for a reasonable price, or is it as bad as some say?
    - fjsolwmv 9y ago
      You live in the "middle of nowhere", not a "shit area" , one supposes.
    - ashelmire 9y ago
      I said "in the middle of nowhere or shit areas". Since you're on a tech site, I assume you are familiar with how the word "or" works.
  - astura 9y ago
    Meh, I live in beautiful New England, certainly not in the middle of nowhere, and housing here is affordable. I paid under $200,000 for a 1,600 square foot house and there's cheaper options if I were aiming for more affordable. Mu parents live 200 miles away and their 1400 sqft house is worth around $115,000. Pretty much anywhere outside a few areas is affordable.

astura 9y ago

I don't speak Dutch and Google translate doesn't work for that page for some reason, but I strongly believe you're comparing apples to oranges. What's the terms to get a 1.8% mortgage? How much loan to value (down payment) is required and how long is the loan term? Fixed or variable rate? What is the maximum debt to income ratio? Income requirements? Is that APR or APY? I believe, again I don't speak Dutch, the longest loan term on that page is 10 years. If that's the case, then you'd have to compare it to a 10 year mortgage in the US, not a 30 year like you did. Edit: I was holding my phone in a way I couldn't see the whole table. It appears to me that a 30 year mortgage with less than a 15% down payment is 4.40%.

0xfeba 9y ago

Homes in NL, and EU in general are about 2-5x the price of an American home.

ashelmire 9y ago
Compared to where? The median house value in LA is nearly 50% higher than in Amsterdam. SF and NY would be worse, as would many other areas. Sure, a house in the middle of nowhere or shit areas in the US is cheap, but any desirable area is expensive.
- softawre 9y ago
  As somebody that lives in a "shit area", can you find a new adjective? I love the Midwest, my money goes WAY further here working remote for a California company, not to mention all of the other benefits. Not bashing LA/NY or those who choose to live there, but stop bashing us.
  - jstarfish 9y ago
    Anyone who measures their commute in terms of hours because they can't afford to live closer to work lives in a "shit area." Temecula is a shit/middle of nowhere area if your closest employment options are in LA. Nobody said anything about the Midwest being shitty.
  - applecrazy 9y ago
    Slightly off topic, but since you work remote, how is internet connectivity there? Are you able to get decent speed for a reasonable price, or is it as bad as some say?
  - fjsolwmv 9y ago
    You live in the "middle of nowhere", not a "shit area" , one supposes.
  - ashelmire 9y ago
    I said "in the middle of nowhere or shit areas". Since you're on a tech site, I assume you are familiar with how the word "or" works.
- astura 9y ago
  Meh, I live in beautiful New England, certainly not in the middle of nowhere, and housing here is affordable. I paid under $200,000 for a 1,600 square foot house and there's cheaper options if I were aiming for more affordable. Mu parents live 200 miles away and their 1400 sqft house is worth around $115,000. Pretty much anywhere outside a few areas is affordable.