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AntiqueDistance5652 t1_j0m3bgn wrote

Reply to comment by imouttahereta in NY Times lists Pittsburgh as having some of the most affordable homes in the country as compared to household income. (https://www.nytimes.com/2022/12/15/realestate/where-are-the-most-and-least-affordable-homes.html) by Far_Room23

No, I'm calculating based on current interest rates. Back in the 2.5% era it would have been much less.

Edit: assumptions are a 175k purchase price with 30 year fixed and good credit. 20% down.

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imouttahereta t1_j0m3pfd wrote

The only way your numbers work out in my experience are if you can afford a large downpayment, buy something that needs significant work, or in an unattractive neighbourhood. Your loan would have to be under 170k and I couldn't find anything worth considering listed under 200k.

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AntiqueDistance5652 t1_j0m4kz4 wrote

Give me your list of acceptable neighborhoods and I'll show you some recently sold houses. There are a lot, if you can't find them you're either not looking for them or your expectations are not that of a typical resident here.

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imouttahereta t1_j0m58es wrote

I'm sure you can find plenty listings that look good, as I did before I went to see them in person and noticed the issues. If avoiding places that are on a busy road, that have a basement with water issues or obvious structural problems is picky, then I guess I'm picky.

My house is just 1000 square feet, has poor insulation, was built more than 70 years ago. Pretty sure I'm not picky.

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