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Fishercat5000 t1_j7lwji1 wrote

Reply to comment by BovaDesnuts in These housing numbers are insane. In some towns the cost to buy a house is 10x the average salary. by LopsidedWafer3269

Rents on the south shore are 2-3.5k per month. I don’t know where rents are that low.

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OccidentallySlain t1_j7lxvw4 wrote

If you bought last year, a $350-400k house is $1400-1600/month for principal and interest. The Merrimack valley area has plenty houses like that, just need work. Taxes and insurance add $400/month.

With today's interest rates, closer to 2k before taxes and insurance.

The minimum price for a 2 bed 2 bath I've seen is $2000/month, closer to $2600 if your building got bought or you're in a nicer area and don't want a shit hole.

$500 less a month to live somewhere, about $500 a month retained in equity. More bedrooms, usable land you own, a permanent end to yearly housing insecurity and shitty landlords that salivate at your money.

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paganlobster t1_j7lyjmg wrote

I see exactly 3 places on Zillow going for less thank $500k, but that's more than I've seen elsewhere. Thanks, I'll keep an eye on this.

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OccidentallySlain t1_j7p9hho wrote

I see 25 total in the 495 belt: Chelmsford, Dracut, Lowell, Tewksbury, Andover, North Andover, Methuen, Lawrence, Haverhill, Groveland, West Newbury, Merrimac, Amesbury. Set to max 500k, houses only. If you include condos there's a lot more.

If you can live farther north and can snag a house in Merrimac/West Newbury/Amesbury, you have easy access to all MA/NH beaches without paying crazy prices, and can be close to some development while still staying more rural. I also really like Haverhill, great food.

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lotusblossom60 t1_j7m28kj wrote

Agree, Merrimack valley area you can still snag something more affordable and I love the area.

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BovaDesnuts t1_j7lwn65 wrote

You can find a solid 1BR in metro West for those prices if you know where to look. Obviously, it'll be higher if there's a family involved.

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