Bullsh*t!!! You show me anywhere in the United States were you can have a house payment of under five-hundred a month and I’ll show you a three-legged as@hole.
Nah, I was going to say something but thought better of it. :^)
It can definitely be done, but you wouldn't want to live there.
Lots of places in the mid west. Depends what your looking for.
Expect to commute a ways.
There are plenty of places in the Midwest. The problem is you wouldn't want to live in those neighborhoods.
from BJungNan’s post...”Once it is paid off, you can live in a nice house for a couple hundred a month for the taxes.”
I think BJungNan said once the house is PAID OFF...then ‘you can live in a nice house for a couple of hundred a month FOR THE TAXES’...
...didn’t mean the ‘house payment’ or mortgage payment was a couple of hundred, just the tax payments after house is paid off. oops.....
I've done it. Of course, the house was just a modest little house.
You can get 1000 sq ft condos here in greensboro for $350-400/month with 20% down at 6%. Or 1200 sq ft townhomes for around $600 (excluding taxes of course)
My house is worth about $275,000 now and my mortgage payment is around $550.00 a month (not including tax/ins)...15 year mortgage. Can’t wait till I’m paid off!! I won’t have to worry about rent or mortgage the rest of my life after that. It’s a secure feeling.
Don’t know about the house payment part of under $500 a month but once it is paid off the taxes is around $200 a month.
For houses with payments under $500 a month, you might try near Erie, PA or Cleveland, OH.