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raccoons-R-cool t1_j2cg6rh wrote

Is there a home you can buy instead? $2800 is a lot towards a mortgage.

If you can qualify, your money would be better spent there.

My mortgage on a $256,000 home at 4.125% is about $1300 a month. Now rates and property values have gone up but $2800 is a lot every month. But I don't know where you are living.

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irishgirl249 OP t1_j2cisu8 wrote

New york

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Spookyjugular t1_j2cp45f wrote

Sounds like you are young don’t move into your dream apartment this early. Move somewhere basic and figure out what you value in a place you live. It is easy to get a better apartment in a year, it is way harder to adjust your lifestyle down.

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Loutro-Fift t1_j2chogn wrote

median home price in the US is $428,000. Haven’t seen a home for $256,000 in years

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ChillyWillie03 t1_j2cq5qs wrote

Recently In my city three brand new built homes all sold $220K-$240K all next to each other from the same builders and floor plans. Where are you getting these numbers?

Off topic, it's kinda funny knowing which new homeowner is the best negotiator.

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Otherwise-Way-1176 t1_j2f3242 wrote

The US housing market is a heterogeneous data set for which a single statistic is a completely inadequate metric. At a minimum you need to include acknowledgment that 50% of homes sold for less than the median. But really you need to break it down by region and look at both median and standard deviation within each region.

Put another way, median is not synonymous with floor.

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