According to a recent study from Zillow, the typical "starter home" is worth at least $1 million in 237 cities, the highest number of cities ever. Plus, almost half of those cities are in California.
Buying just doesn’t make sense in my area. Property taxes alone on a $1m house would cost half as much as renting.
Zillow total estimated payment on a $1.1m house with 100k down-payment: $8000/mo. Ridiculous. You can rent a whole comparable house for less than $3k/mo all-in.
Buying just doesn’t make sense in my area. Property taxes alone on a $1m house would cost half as much as renting.
Zillow total estimated payment on a $1.1m house with 100k down-payment: $8000/mo. Ridiculous. You can rent a whole comparable house for less than $3k/mo all-in.