Quote:
Originally Posted by wrong generation
i also have a friend who recently moved out of the state due to the high cost of living here. he bought a house with 10 acre's of land in another state for $40,000. now i don't exactly know what his mortgage payments are but i bet you a $40,000 camaro in new jersey is the same price in every other state. so if he were to go buy a 2016 camaro. his car payment would be the same if not close to his mortgage payment.
the idea that a brand new camaro,mustang,challenger costs as much as a house just boggles my mind.
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Because it doesn't.
The national average for a home loan in the USA is $225,000 or so. That's Ferrari territory.
I do not know your friend but 40k for a house on 10 acres is a price in a very cheap area. You could theoretically live in one of the $1 homes in Newark or Gary Indiana and then a soft taco would technically be the same price.