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I live in a lower CoL “city” with a 440k home and 2.875 interest rate and I pay 24k/year for my mortgage. I gotta imagine that most major cities are significant
by buggy6257 4y ago
I live in a lower CoL “city” with a 440k home and 2.875 interest rate and I pay 24k/year for my mortgage. I gotta imagine that most major cities are significantly more than what I pay so yeah that seems pretty accurate even for houses.
- kevviiinn 4y ago30k/yr is 2500 per month just for rent. Only a few cities have average rents that high. Definitely not accurate
- PyWoody 4y agoI can't speak for cities, but, in my small town in the middle of nowhere America, 2.5k/month will get you a shitty 2-bed, 1-bath apartment. That doesn't include electricity, heat, etc.
- kevviiinn 4y agoIn my city in middle america 1k will get you a nice 2 bed 1 bath with laundry in the unit