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I've checked prices on Zillow for Cottonwood Heights, UT; looks like the lower range is at least $400k, which makes monthly payments above $1900, after 20% down
by avmich 6y ago
I've checked prices on Zillow for Cottonwood Heights, UT; looks like the lower range is at least $400k, which makes monthly payments above $1900, after 20% downpayment.
- dehrmann 6y agoThat's similar to Modesto prices. Comps might be 25% different, but my point is it's not a SF/Peninsula $2M starter home.
- avmich 6y agoI agree it should be substantially cheaper. It's just not that hypertrophic difference. Also on Peninsula one can still find houses under 1.5M, judging by San Jose median of less than 1.1M.
- bradlys 6y agoYou can find them - but you certainly wouldn't want to live in them. Most homes below $1.5mil in the peninsula have some serious compromises (especially if you are trying to get a home that is above 1200sqft). You're going to have to take a hard hit on the schools and - well - then you're just going to pay for private schools then. What would you rather do? Spend $5,000/month for your two kids to go to some private school or put that $5,000/month into your mortgage instead? San Jose != Peninsula btw.