Originally Posted by
CX500T
$3000 PITI will barely break 400k in most areas and that's with putting 20% down. That's at 1.5% property tax and 0.5% insurance. Florida/Flood zones? Even worse.
Granted I look at things through a Delta lens, but for us, you aren't getting squat in any of our pilot bases save Detroit for that. Crack house in the hood or a single wide on sone acreage maybe but a decent 3 bed 2 bath with non war zone schools?
Nope. Not gonna happen.
Yeah and add a 15 year rate onto that and you are definitely talking trailer category in most of the country.