• gearheart@lemm.ee
      link
      fedilink
      arrow-up
      6
      ·
      9 months ago

      Agreed. For reference a $1400 mortgage would be a 110,000 house loan at 8% + $520 monthly escrow (property tax and insurance) .

    • Alexstarfire@lemmy.world
      link
      fedilink
      arrow-up
      3
      arrow-down
      1
      ·
      edit-2
      9 months ago

      I pay under $1k and I bought my house a little over 2 years ago. House prices might have been high but those low interest rates are hard to pass up.

      Between insurance, utilities, and mortgage I pay less than $2k a month while paying off a 3br house, mostly working from home (don’t need to rent a work desk in either case), and own a car.

      Of course, none of this is in LA. I’m not too far outside of Atlanta though.