My wife is looking at houses in the next county and one of the houses on her list is selling for $63k. The mortgage would be like $250 a month
In many areas of the country, if you want to live cheap you can live cheap. There are $100K places in the “best” school district here but they’re nothing to brag about, and I’m sure it’s hard on the kids, being made fun of in school since the average house in that district is more like $500K.
“My wife is looking at houses in the next county and one of the houses on her list is selling for $63k. “
That is amazing. I pay that for a doublewide of 1500 square feet on an acre, plus I’ll do repairs. If an equivalent house is that price, I would expect few available jobs, bad schools, a high crime rate and some other issue, like flooding or a Hell’s Angles house across the street.