• gearheart@lemm.ee
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      1 year ago

      Agreed. For reference a $1400 mortgage would be a 110,000 house loan at 8% + $520 monthly escrow (property tax and insurance) .

    • Alexstarfire@lemmy.world
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      1 year ago

      I pay under $1k and I bought my house a little over 2 years ago. House prices might have been high but those low interest rates are hard to pass up.

      Between insurance, utilities, and mortgage I pay less than $2k a month while paying off a 3br house, mostly working from home (don’t need to rent a work desk in either case), and own a car.

      Of course, none of this is in LA. I’m not too far outside of Atlanta though.