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re: Salary of $115,627 needed in order to qualify for a mortgage on a typical American home
Posted on 10/18/23 at 10:46 am to Crawdaddy
Posted on 10/18/23 at 10:46 am to Crawdaddy
quote:
Houses under 200k on the NS
gets you this 1400 sq "House" which is fine for a starter to build some equity but I doubt it's going to gain any value
2
Posted on 10/18/23 at 10:47 am to Dire Wolf
Not a house. If we're talking about condos/town homes... completely different
Posted on 10/18/23 at 10:51 am to Dire Wolf
quote:
gets you this 1400 sq "House" which is fine for a starter to build some equity but I doubt it's going to gain any value
Got to start somewhere. Fix it up and put a little sweat equity in there. Then sell it as you upgrade.
I do agree that there's a shortage of affordable housing where we most need it though. That's partially because we didn't build enough of it in the last 15 years.
This post was edited on 10/18/23 at 10:52 am
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