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this post was submitted on 29 Jul 2024
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Economics
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You have no idea WTF you're talking about. Mortgages in rural towns are absolutely no where near $3,000/mo. Not even close. Try under a grand.
Let me go pick a random rural town in upstate, NY: Newark, NY. The population was 9,017 at the 2020 census according to wikipedia.
Here's a house: 3 bedroom, 1 bath, 1,400 sqft., 0.2 acre lot: $90,000. Estimated monthly payment: $569. If you take home $40k a year after taxes, that's 1/6 of your monthly income.
That took 5 seconds of searching. Sure, it might need a new roof soon, and new carpets, and some paint. But all that makes it $130k tops.
So what the hell are you smoking? Do you even know what rural means?
130k renovation for a 90k house. Might wanna take those 130k in consideration for the monthly cost.
They meant 40k renovation not 130. 90+40=130 plus no way a roof and carpet cost more than the house
That makes more sense.
Idk if 130k makes sense for roofs+carpet. Prices are wildly different in USA vs Europe. Just saw the difference between "130k" and "90k".