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Housing costs

Discussion in 'Open Discussion (Work-safe)' started by DEBuckeye, Oct 5, 2004.

  1. DEBuckeye

    DEBuckeye It ain't easy, bein' cheesy.

    This is interesting- you can check out (on average) where your area falls on the most-to-least expensive list, and see how it varies in different areas.

    The high:
    La Jolla, CA- holy shit! 2200 sq ft. house is $1.7 million!!!

    The low:
    Minot, ND- same house $130,000

    Housing costs

    I'm hoping that someday soon I can sell my overpriced East Coast house and move back to Columbus where I can get much more for my money.
  2. NorthShoreBuck

    NorthShoreBuck True Madness Requires Significant Intelligence

    "The national average for this 2,200-square-foot house is $354,372, up 11.4 percent from 2003."

    Assume a 20% down payment you are looking at $283,500 mortgage. Say at 6% you are looking at what around $3000 a month in payments. If you go by 30% take home pay to mortgage you need $10,000 a month to afford the average home. Scary considering the average income is around $43,000.

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