3 ms·
I’m not sure where this $5500 figure came from but if you want a decent sized home in a good area with good schools there are not homes for sub $1m to be found.
by tempsy 2y ago
I’m not sure where this $5500 figure came from but if you want a decent sized home in a good area with good schools there are not homes for sub $1m to be found.
$1.5m is a much more realistic sale price for a modest home in a good area, and with 20% down that’s more like $10k a month between mortgage and taxes and insurance.
- alephnerd 2y ago> where this $5500 figure came from It's SoCal - Torrance CA specifically as mentioned in the article. Prices are slightly lower because salaries are slightly lower (or maybe it's the other way around)
- tempsy 2y agoWell the article is wrong. Median detached home sale price in Torrance is 1.275m. The $900k figure probably includes condos and is not what a house costs. https://www.redfin.com/city/20094/CA/Torrance/housing-market https://www.redfin.com/city/20094/CA/Torrance/housing-market