You have no idea WTF you’re talking about. Mortgages in rural towns are absolutely no where near $3,000/mo. Not even close. Try under a grand.
Let me go pick a random rural town in upstate, NY: Newark, NY. The population was 9,017 at the 2020 census according to wikipedia.
Here’s a house: 3 bedroom, 1 bath, 1,400 sqft., 0.2 acre lot: $90,000. Estimated monthly payment: $569. If you take home $40k a year after taxes, that’s 1/6 of your monthly income.
That took 5 seconds of searching. Sure, it might need a new roof soon, and new carpets, and some paint. But all that makes it $130k tops.
So what the hell are you smoking? Do you even know what rural means?
You have no idea WTF you’re talking about. Mortgages in rural towns are absolutely no where near $3,000/mo. Not even close. Try under a grand.
Let me go pick a random rural town in upstate, NY: Newark, NY. The population was 9,017 at the 2020 census according to wikipedia.
Here’s a house: 3 bedroom, 1 bath, 1,400 sqft., 0.2 acre lot: $90,000. Estimated monthly payment: $569. If you take home $40k a year after taxes, that’s 1/6 of your monthly income.
That took 5 seconds of searching. Sure, it might need a new roof soon, and new carpets, and some paint. But all that makes it $130k tops.
So what the hell are you smoking? Do you even know what rural means?
130k renovation for a 90k house. Might wanna take those 130k in consideration for the monthly cost.
They meant 40k renovation not 130. 90+40=130 plus no way a roof and carpet cost more than the house