this post was submitted on 06 Oct 2023
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Speaking of the relative cost of housing, you can buy an actual whole house in other parts of the USA for that much a month. That could be a 30-year mortgage payment on a 100k house.
In San Francisco/Bay Area that doesn’t even cover a parking space per month.
In the US, the average home price sold was $495k. Where can you find a $100k house that doesn’t need a tear down or complete renovation?
source
In the rural parts of the USA they are all over the place. Here is a 5-bedroom house for $95k in Illinois: https://www.zillow.com/homedetails/417-W-Illinois-St-Steeleville-IL-62288/119741473_zpid/
My first house was a 3 bedroom, 2 bath in rural Texas for 5k more than that. That was 14 years ago. I just looked it up and it's currently $130k. It was built in the 90s, is brick, and still looks pretty good.