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The parent post started this by saying: > 6k mortgage for a modest house in any decent area in US I really dont consider a $1.8MM or $2.25MM house to be 'mode
by alt227 2y ago
The parent post started this by saying:
> 6k mortgage for a modest house in any decent area in US
I really dont consider a $1.8MM or $2.25MM house to be 'modest' by any stretch of the imagination.
and then another post after that said:
> 6k a month mortgage for a family of four seems low. It's at least double that in any major metro area.
so $1.8MM for a 'modest' house for a family of four is low in the US?
Im so confused, are people just so out of touch with reality that they think these prices are normal, or have I missed something along the way?
- kadushka 2y agoYou are confusing 6k and 12k mortgages: the former is to buy a modest house today in most decent areas in the US. The latter is to buy a modest house in Bay Area, where a large fraction of hacker news users reside. A “modest” house to me is a median house: around 2k sqft, run-of-the-mill construction, cheap materials, 8 feet ceilings, <10k sqft lot. This is the reality in good parts of US.