4 ms·
Those are ridiculously expensive. > MONTHLY DWELL HOUSE PAYMENT > $1,577 > Monthly payment assumes line of credit of $389,000 equal to base cost of Dwell Hous
by Ancapistani 4y ago
Those are ridiculously expensive.
> MONTHLY DWELL HOUSE PAYMENT
> $1,577
> Monthly payment assumes line of credit of $389,000 equal to base cost of Dwell House with fixed 4.5% interest rate, a 30-year repayment term, and a 20% down payment
… my mortgage on 5-bedroom, ~1.8K sq ft home on a half acre lot in a small town in the South is <$825.
I understand property values vary widely - that’s why I live where I do - but this is still ridiculous. Consider also that to buy this, you already have to have the land to put it on. The comparison to rentals includes the cost of the property, upkeep, and overhead amortized into it. It’s not a fair comparison.
If you already have land suitable for this, why not just build a small house? The average cost per sq ft in the US is around $100-$150 for new construction. This thing is 532 sq ft; to be competitive with traditional construction it would need to be priced at <$80k…