Asklemmy

I'm in Ashburn, VA. I just looked at Zillow and saw that the cheapest single family home right now is $625k for 2060 sqft. If you have a credit score >719 and put $100k (~16%) down, it's only $4438/month according to their estimates.

So my wife and I live in an apartment with no kids or pets, and we both work a lot... Maybe one day we can afford a townhouse? I just found a decent looking one that's only $450k so $3200/month...

Here in London, you can easily find for £120k a nice 100m² garage without plumbing outside of a busy hospital where passerbys go to smoke and urinate.

The cheapest home I could find in my hometown of Vancouver, BC is:

1 bedroom, 1 bath, 696 sq/feet 398,000

For more fun, calculate how much money you would have to make to meet the rule of having your mortgage only cost 30% of your take home pay!

To buy a home with a 2k mortgage and keep that rule, you'd need a TAKE HOME pay of nearly 80k, so easily needing 6 figures gross pay to afford these two homes while still keeping this rule.

155.000€ for new 5 bedroom 200+ m2 duplex in my small town in Spain.

No HOAs! supermarkets and schools are in walking distance ;)

Cheapest is around 30K, but why bother?

Here in a small village in the Netherlands the cheapest is 315k euro for 65m2 and 2 bedrooms

Here in Victoria BC the cheapest detached house is just shy of $1m cad. What a shithole

This is for an area of western, suburban Tokyo. Edit: most are going to be around 1.25+ hours into Shinjuku involving transfers and up to a 20 minute walk to the nearest station.

In USD terms, around $76,000. 52.x square meters 3 rooms, bath, dining+kitchen (so one room is presumably getting used as the living room). Another few hundred a year in maintenance/condo fees. But it's in a building from 1976 which is before the latest major earthquake law revision and I would absolutely not live there (property can appreciate in Japan, but houses are not seen as investments and lose value really quickly).

Poking around, there are freestanding houses as well in that range, but they cannot be rebuilt so you're stuck with the existing structure (I don't know to what degree one could legally "Ship of Theseus" the thing; interior renovation is fine). This is mostly due to a change in law requiring at least a 4-meter-wide (IIRC) road connecting to the property (and mostly for emergency services access). You can buy these on the cheap but it's because they're not a long-term solution and you'll be stuck holding the bag on worthless land to all except maybe a neighbor who might want to buy it (but if it's for sale now, they don't).

There are actually a surprising number of buildings after 1981 (latest major earthquake law revision, basically required for mortgage + insurance), but a lot of them are in areas with heavy restrictions (landscape laws, height laws, aviation laws (I have no idea what that one means; maybe it's in a flight path (noisy) or has some additional height/light restrictions?)), etc.

The search site I used doesn't have any good way of searching for used homes without restrictions built after 1981 for comparison and I got tired of clicking.

Prices jump a lot within a 20-minute walk of the closest station; most people don't want to live further.

315k GBP for a 2br 'period property' (aka a disgusting dilapidated horder house with the energy efficiency of a tent)

Figure in another 100k and a year to fix it, due to how UK contractors work.

This housing crisis won't change until we start to move into politician's lawns and garages.

$229k NZD for a 2 bed, 1 bath 80sqm slumlord rental in a shit neighbourhood in Christchurch, New Zealand

$200,000 for a 1 Bed 1 Bath with an hour and a half commute to the city. It's a unit, so probably has a bunch of other fees attached for upkeep but they aren't listed. Area is far away from necessary services, highly car dependent and notoriously crime ridden. The unit is run down and requires renovations.

Double that for a 2 Bed 1 Bath in a similar area.

There are houses in my town that have sold in the last 12 months for less than $100,000.
These don't include the shacks that are falling apart that sell for $30,000.

This one was bought, fixed up, and is currently listed for $132,000.

For a “cheap “ suburb of Boston

• $580k for 1,038 sq ft 2 br on a 5,000 sq ft lot. The homes on this area were originally built as summer cottages so they’re going to be expensive to heat. Of 12 single family homes for sale, 7 are over $1M and one is in a different town
• $265k for a 1 br condo, 579 sq ft. The only feature listed is “private entrance”. Second cheapest is a new townhouse for $1.5M

My house is a small two story granny cottage with a total floor area of 90sqm (1000sqf) though the upstairs have a low ceiling so the "true" floor are is closer to 60sqm (650sqm). The plot is 1000sqm (10500sqf) and has an additional building with a sauna and a small workshop space. It's located about 10km (6 miles) from the city centre on a residential neighbourhood in Finland. It's one of the major cities in the country. I paid about 105k€ for it which means 450€/month

4.5 Rooms, 95 square meter apartment, 1‘315‘000 CHF.

Edit: Rotkreuz, Zug, Switzerland

(£1 gbp = $1.27 usd = €1.17 eur)

Cheapest land - £15,000 (0.56 acres)

Cheapest "house" - £50,000 - The dwellinghouse may be suitable for renovation or as a building site for a new property

Cheapest livable house - £85,000 - looks like it was lived in at least.

Cheapest flat - £85,000 (1 bed)

Church - £100,000 - The adjacent cemetery is not included in the sale.

With a quick search on Zillow for Lincoln, Nebraska (~300k pop college town), cheapest I can find is $90k for a 1 bed/1 bath 500 sqft condo. $100k for a 1 bed/1 bath 500 sqft house, though technically that's a foreclosure so you might not consider that to count. The cheapest normal house for sale that I can find is $110k for a 2 bed, 1 bath 1500 sqft house. It's an older home, but actually a pretty decent location (close-ish to downtown).

$70k in my area in NC. It's a lovely 2bd/1ba, and can keep the rain off your head (mostly). It totally wouldn't be condemned if actually inspected.

The cheapest one is apparently in the town next door. It's a 3 bedroom, 1 bath, 984 square foot single family home built in 1955, on a third-of-an-acre lot with no HOA.

All the pictures are of the outside only, so I'm assuming the inside is pure shit. However, I also have to assume it's some kind of liveable shit, because the places that aren't liveable generally have to list as "0 bedrooms".

It's $60,000, in south/central New Jersey. Or $665 per month, which includes 30 year mortgage as well as property taxes.

Saw a listing for a house which has had a fire and all the copper pipes stolen being sold as is for 300K in a really gritty location in the city.

Definitely under 50K (USD), but that's because I live in the sticks.

Excluding mobile homes, you can get a 318 square foot studio in downtown San Diego for only $180,000! Not including the $770/mo HOA fee. I like that the listing includes a lot size of 1.2 acres, as if you get the whole city block to yourself.

$80k cad - 3 bedroom and 1 bath. Probably needs a good cleaning and upgrade. Bus stop close by. Not so good area but it's ok.

Too fucking expensive for me, that's how much.

The cheapest livable in Paris, FR would be a 35m2 with two rooms, a kitchen and a tiny basement room for 30k€. It’s actually sold by the courts in April in an auction after being seized for whatever reason and I currently wonder whether I should make an offer for it as it’s so dirt cheap and I could pay it cash.

There's 41 houses/duplexes for sale in my city at or under $50k. The lowest are listed at $5,000 but someone could probably buy it for less. The city also provides $20,000 in money to fix up any of the houses they own.

SE MI - $100k for a rundown piece of shit

795 k, and it's an absolute dump 1 br in the worst part of town.